SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Essar Ports likely to get loan of Rs 700 crore for Vizag port

22 Jul 2013 Evaluate

Essar Ports, the country’s second largest private port operator, is likely to receive a loan of Rs 700 crore in next six months for developing three iron ore berths at the Visakhapatnam port. The total project cost is estimated to be about Rs 1,000 crore. The company, in June this year, had bagged the said projects, which will have a combined capacity of 23 million tonnes per annum (MTPA).

The three iron ore berths at Vizag port alone would add 17 MTPA of third-party cargo for the company. At present, Essar Ports has a cargo handling capacity of 104 MTPA. The company is expanding its cargo handling capacity by 74% to 181 million tonnes (MT) annually by 2015-16.

Essar Ports, part of the multinational conglomerate Essar Group, 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.

Peers
Company Name CMP
Shipping Corpn. 305.85
GE Shipping 1425.30
Dredging Corp 976.65
Seamec 1556.00
Shreeji Ship.Global 377.10
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×