|
|
Essar commissions Rs 830-cr Vizag iron ore handling complex
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 14 Jul, 2018
The Essar Group subsidiary Essar Vizag Terminal Ltd (EVTL) said on
Friday that it has commissioned the India's largest iron ore handling
complex at Visakhapatnam port built at a cost of Rs 830 crore.
The
iron ore complex with a capacity of handling 24 million tonne per annum
(mtpa)on the outer harbour of Vizag port was inaugurated on Friday by
Union Road Transport and Shipping Minister Nitin Gadkari, Essar said in a
statement here.
"With its state-of-the-art cargo handling
equipment, the iron ore handling complex will have the fastest vessel
turnaround time for iron ore among Indian ports," it said.
"Following
the project completion, the cargo loading capacity of the facility has
been upgraded to 24 million tonne per annum. The iron ore handling
complex can now berth Super Capesize vessels up to 200,000 deadweight
tonnage (DWT), with a depth of 20 metres," it added.
According to
Essar, the complex is an all-weather, deep-draft facility equipped to
serve the rapidly growing markets of South-East Asia, including China,
Japan and Korea.
It has dedicated rail connectivity for cargo
evacuation from the states of Chhattisgarh, Odisha and Jharkhand, the
statement said.
EVTL took over the project in 2015 on a design-build-finance-operate-transfer (DBFOT) basis for a period of 30 years.
Commenting
on the development, Essar Ports MD Rajiv Agarwal said in a statement:
"The project will help exporters on the east coast benefit from shorter
turnaround times and reduced freight costs."
"The facility will support both export and coastal traffic, furthering the vision of the Sagarmala initiative," he added.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|