BackEssar Ports to invest Rs750 crore to expand Hazira capacity to 50 mtpa
Essar has already invested about `2,450 crore and the additional investment in Hazira will take the overall figure to `3,200 crore
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Ahmedabad: Essar Bulk Terminal Ltd, a special purpose vehicle set up by Essar Ports for port and related activities at Hazira, on Monday announced an investment of ₹ 750 crore to expand its Hazira port.
Post the expansion, the cargo handling capacity at Hazira will increase to 50 million tonnes per annum (mtpa) from the existing 30 mtpa and the port will have the capability of handling 7 vessels simultaneously at any point of time, the company said.
The company has already invested about ₹ 2,450 crore and the ₹ 750 crore the additional investment announced on Monday will take Essar’s overall investment in Hazira port to ₹ 3,200 crore.
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