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Essar Ports plans Rs.3,500 crore capex for upgrade, expansion

Industry Construction

Essar Port plans to expand and upgrade its ports across India, with a capital expenditure of Rs. 3500 crore. To upgrade Salaya terminal, it will invest around Rs 350 crore. Paradip coal terminal would require about Rs 850 crore and Hazira terminal expansion would cost about Rs 750 crore, to expand its capacity from 30 to 50 million tonnes. At Vizag coal terminal Rs 1,150 crore would be invested. Remaining funds will be used for other port related works.

Extracted from HBL, Aug 17,’15

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