The investment is expected to help increase EPL’s revenues by around 30% in the 2018-2019 fiscal year via the support of third-party cargo growth at the sites.
EPL CEO Rajiv Agarwal said: “The two fully integrated and automated facilities at Salaya and Vizag further the goal of port-led development set by the Government of India and our Hon’ble Prime Minister Shri Narendra Modi.
“It is also a manifestation of Essar’s vision of building world-class core sector assets of national importance.”
The latest investment supported the development of a deep-draft terminal facility at Essar Bulk Terminal Salaya (EBTSL) for the handling of fully loaded vessels capable of carrying up to 100,000dwt of cargo.
The terminal was developed with at an investment of almost Rs20bn ($315m).
In addition, EBTSL recently began commercial operations at its 20 million tonne dry-bulk terminal with the berthing of its first vessel.
The EBTSL terminal is designed to berth Capesize vessels with a turnaround time of less than two days.
It is equipped with two screw-type ship unloaders, one 1,500 tonnes per hour (tph) ship loader and a 20km covered conveyor system of 5,000tph capacity, among other solutions.
Furthermore, the newly completed investment has increased Essar Vizag Terminal’s (EVTL) daily cargo handling capacity from 70,000t to 120,000t with the launch of a new 8,000tph ship loader.
The Rs8.3bn ($131m) modernisation and expansion project is scheduled to be commissioned by the end of this month.
The expansion will enable the facility to berth vessels up to 200,000dwt with a depth of 18m at the outer harbour of Vizag Port.