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BW Businessworld

Essar Ports Eyes V-Shaped Recovery

The company said there was a slump in cargo handling in the month of March.

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Essar Ports announces that there was a dip in cargo handling in April 2020 on account of the dwindling production of its key customers—mainly power and steel companies. However, during Q1 FY21, which is the quarter ending 30 June 2020, Essar Ports recorded an impressive cargo handling of 11.23 million tonnes (MT), with June 2020 cargo growing by 75% compared to the April tonnage.

Cargo Handling Performance

           

Q1 FY21

April ’20

June ’20

Growth

Essar Ports

11.23 MT

2.52 MT

4.41 MT

75%

 

“Essar Ports takes pride in manifesting the honorable PM’s dream of an Aatmanirbhar Bharat. In June 2020, Unlock#1 was unleashed across the country, and the economy immediately started displaying green shoots of recovery. Our terminals, which remained operational despite challenges faced through the successive phases of the lockdown, have clocked an impressive cargo handling of 11.23 MT. We are well placed and prepared to ensure the nation’s economic engines are up and running in the most efficient manner,” said Rajiv Agarwal, CEO & MD, Essar Ports Limited.


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essar ports sales Sales Report