KOLKATA: Essar Shipping, Ports & Logistics Ltd (ESPLL) will be investing around Rs 5,500 crore in capacity building in ports and shipping activity.
"We are investing in capacity building in both ports and shipping activity. Around Rs 3,100 crore would be invested in adding port capacity and USD 570 million (Rs 2,400 crore approx) for acquiring new 12 dry bulk vessels," ESPLL CEO (sea transportation) Anoop Kr Sharma said.
"The company aims to increase capacity from 76 MTPA to 158 MTPA by 2013," he said.
The projects undertaken for expansion include 12 MTPA at Vadinar, 20 MTPA at Hazira, 20 MTPA at Salaya and 30 MTPA at Paradip across two projects of 16 and 14 MTPA each.
ESPLL said that so far it had invested around Rs 5,700 crore in ports.
According to Sharma, the company has placed orders for 12 vessels for dry bulk cargo and delivery schedule would begin mid-next year. |
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Source: economictimes
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