ESPLL signs pact with Paradip Port

Essar Shipping Ports and Logistics (ESPLL), a comprehensive logistics services company with presence in sea transportation, ports & terminals, logistics and oilfields services, has inked a License Agreement with Paradip Port Trust for the mechanisation of Central Quay – III berth with capacity to handle 16 million tpa of dry bulk cargo at Paradip Port, Orissa

ESPLL is expected to handle both third party and captive cargo at the berth. The license is for a period of 10 years, extendable by another five years with mutual consent.

In the past, the company was awarded the project for development of 14 million tpa Deep Draught Coal Berth at Paradip Port on BOT basis for a concession period of thirty years with a project cost of Rs 560 crore for handling third party cargo.