Essar Ports Ltd, a Ruia owned unit of the USD 17 billion Essar group, which was earlier known as Essar Shipping Ports and Logistics Ltd, plans to concentrate on expanding its existing ports.
Mr Rajiv Agarwal MD of Essar Port Ltd said that "At the moment, we are not looking for expansion into new ports abroad or in India. We have enough on our plate."
Company sources said that the company, which has an aggregate capacity of 88 million tonnes per annum at two facilities located at Vadinar and Hazira in Gujarat, plans to increase capacity to 158 million tonnes per annum through expansion projects at these ports, a new port at Salaya in Gujarat and two terminals at Paradip in Odisha.
Source said that its new iron ore terminal in Odisha with an investment of INR 520 crore would be commissioned soon.
