Essar Ports is all set to invest Rs 550 crore by March 2018 to increase its cargo handling capacity at its Hazira Port by 20 million tonne per annum. The total capital expenditure by the company from the diversified group will go up to Rs 10,500 crore with this expansion.
Essar Bulk Terminal, the operator of the Hazira Port Terminal facility, has signed an agreement with the Gujarat Maritime Board (GMB) for more than doubling its captive jetty to 1,100 metres.
The Hazira Port, located in the Gulf of Khambatt, is integrated with Essar's Hazira Complex which consists of a 10 million tonne steel plant, captive power plants and other manufacturing facilities.
