Essar Vizag Terminal Ltd (EVTL), a subsidiary of Essar Ports, announced on July 12th its newly commissioned 24 MTPA Vizag iron ore handling complex. The iron ore handling complex can now berth Super Capesize vessels up to 200,000 DWT, with a depth of 20 metres, on the outer harbour of Vizag Port. With its state-of-the-art cargo handling equipment, the iron ore handling complex will have the fastest vessel turnaround time for iron ore among Indian ports.
EVTL took over the project in 2015 on a Design-Build-Finance-Operate-Transfer (DBFOT) basis for a period of 30 years. The iron ore handling complex is an all-weather, deep draft facility that is equipped to serve the rapidly growing markets of South-East Asia, including China, Japan, and Korea. It has dedicated rail connectivity for cargo evacuation from the states of Chhattisgarh, Odisha and Jharkhand.