Transport Update

Essar Ports aims 100 per cent growth in cargo capacity

June 2011

Essar Ports plans to further double its cargo handling capacity and divert one-fourth of its capacity to handle third party (or merchant cargo) contracts in the next two years.

Essar Ports, the new entity that will replace Essar Shipping Ports and Logistics (ESPLL) on the bourses after the completion of the de-merger process towards the end of the month, is expected to get better visibility.

Currently, ESPLL's ports division handles approximately 88 mn tonne of cargo at its Hazira (30 mn tonne) and Vadinar (58 mn tonne) facilities.

Contact: Essar Shipping Ports & Logistics Ltd. Tel: 022-2495 0606. Fax: 022-2495 4312. E-mail: contactshipping@essar.com Website: www.essar.com