Essar Ports has witnessed a 12.5 per cent rise in cargo handling to 12.6 million tonne (MT) in the September 2020 quarter as compared with the previous quarter, despite COVID-19 challenges. The port had handled 11.2 MT cargo in the previous quarter. For the quarter ended September 30, 2020, it has recorded revenue for 12.6 MT of cargo, up by 12.5 per cent from previous quarter ended June 30, 2020, overcoming the challenges posed due to the COVID-19 pandemic and led by growth in power and steel sectors.
For the six months ended September 30, the company recorded 23.8 million tonnes of cargo despite a slowdown in April as India introduced a nationwide lockdown to contain the spread of coronavirus.
Essar Ports is engaged in business of providing end-to-end logistics services with investments in ports and terminals, logistics services, sea transportation and oilfield drilling services.
Company Name | CMP |
---|---|
Shipping Corpn. | 232.65 |
GE Shipping | 1092.15 |
Dredging Corp | 825.00 |
Shreyas Shipping | 303.05 |
Seamec | 1106.95 |
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