Essar Ports Clocks Revenue For 12.6 MT Cargo In Q2, Up 12.5% From Q1

Essar Ports, a leading private port infrastructure company, is pleased to announce that for the quarter ended September 30, 2020, it has recorded revenue for 12.6 million tonnes of cargo, up by 12.5 percent from the previous quarter ended June 30, 2020, overcoming the challenges posed due to the C-19 pandemic and led by growth in steel and power sectors.

For the six months ended September 30, 2020, the company has recorded revenue of 23.8 million tonnes of cargo, despite a slowdown in April as India introduced the biggest ever lockdown in the world to contain the spread of the deadly disease thus bringing normal functioning to a complete halt.

Robust Q1 ushers Essar Port closer to 60 MT cargo handling target
Representation Image – Credit: essarports.com

“We at Essar Ports are proud to be part of the country’s dream of emerging as a self-dependent nation. Our cargo handling performance is an example of how the country is waiting to bounce back on the growth trajectory and move forward. Our terminals have clocked revenue for cargo handling of 23.8 million tonnes for the six months with a growth of 12.5% in Q2 FY 21 as compared to Q1 FY 21. We are proud of our people and all other stakeholders to make this possible,” said Mr. Rajiv Agarwal, CEO & MD, Essar Ports Ltd.

Quantity in MMT

QI FY 21 July 20 August 20 September 20 Q2 FY 21 Growth (%)
Essar Ports 11.2 4.4 4.3 3.9 12.6 12.5

Press Release

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