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Sunday, January 12, 2014

Essar Ports Q2 profit rises 20%
MUMBAI, OCT. 31: Essar Ports posted a 20 per cent increase in its second quarter consolidated net profit, as the company earned more income from its operations.

In the July to September quarter, the Essar group company posted a profit of Rs 97 crore, against a net profit of Rs 81 crore a year ago.

The Mumbai-based company earned Rs 383 crore (Rs 344 crore a year ago) from its mainstay port and terminal services.

The company said it handled 13.01 million tonnes of cargo during the quarter, up from 12.70 million tonnes during the year-ago quarter.

Rajiv Agarwal, Managing Director, Essar Ports, said, “We will further strengthen our performance once we execute the projects in hand and third party terminals at Paradip and Vizag.”

Courtesy: The Hindu Business Line