New Delhi, April 8 -- Essar's Ports business, which operates four terminals on the east and west coasts of India, has registered a 23.5 per cent growth in cargo volumes in FY20, with a throughput of 49.22 million tonnes (MT).
In terms of their fourth quarter performance, the terminals recorded a 4.63 per cent growth in cargo, with a throughput of 11.08 MT. The lower growth in cargo volumes in the quarter is largely on account of disruption in global business in wave of coronavirus spread.
Rajiv Agarwal, MD & CEO, Essar Ports Ltd, said: "While the mitigation measures adopted to control the Covid-19 outbreak have given rise to several limitations, the high mechanization at our facilities have enabled them to continue to operate and service ...