Essar Ports gets nod to develop Rs 2,276.06 crore multipurpose cargo terminal at Kandla
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Essar Ports got approval from Deendayal Port Authority to build a Rs 2,276.06 crore multipurpose cargo terminal at Tuna Tekra.
- ✓The project will handle 18.33 million tonnes annually.
- ✓CEO Ashish Rajgarhia said, "The Tuna-Tekra project marks a defining moment for Essar Ports as we embark on a new journey."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Essar Ports has been approved by Deendayal Port Authority to develop a cargo terminal at Tuna Tekra. The project, costing Rs 2,276.06 crore, will be built under a Build, Operate and Transfer model. It will have an annual capacity of 18.33 million tonnes and accommodate large vessels. Development includes common-user infrastructure, which aims to improve efficiency and connectivity. Essar Ports currently operates around 60 million tonnes capacity across multiple locations.
Essar Ports Limited has received a go ahead from Deendayal Port Authority (DPA) to develop a multipurpose cargo terminal at Tuna Tekra, Kandla, Gujarat. The total estimated project cost stands at Rs 2,276.06 crore, of which around Rs 1,552.57 crore investment will be by Essar Ports and Rs 723.49 crore is by DPA. Essar has bagged this project on a Build, Operate and Transfer (BOT) basis under the Public-Private Partnership (PPP) mode.
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Economic Times
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