Visakhapatnam: Union Minister for Shipping and Water Resources Nitin Gadkari will inaugurate India’s largest 24 MTPA iron ore handling complex (OHC), which has been built by Essar Vizag Terminal Limited (EVTL) at a cost of Rs 830 crore and dedicates the state-of-the-art facility to the nation.
The 24 MTPA iron ore handling complex has been built by Essar at a cost of Rs 830 crore
EVTL has made investments in ramping up capacity and installing the latest cargo handling equipment at the complex, which including, a 27 tips/hour Twin-tippler, a 30 tips/hour Rotary Tippler, two 2,700 TPH (tonnes per hour) stackers, two 4,000 TPH Reclaimers, and a 8,000 TPH Ship-Loader, official sources said.
EVTL took over the project in 2015 on a Design-Build-Finance-Operate-Transfer (DBFOT) basis for a period of 30 years from Visakhapatnam Port Trust.
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.
“The project will help exporters on the east coast benefit from shorter turnaround times and reduced freight costs. The facility will support both export and coastal traffic, furthering the vision of the Sagarmala initiative,” the release quoted Rajiv Agarwal, managing director, Essar Ports Ltd, as saying.
“This was a unique project for the nation–up-grading a 42-year-old infrastructure unit to the latest state-of-art mechanised and automated technology by successfully completing without any disruption in the day-to-day operations of the iron ore handling complex,” said Ch Satyanand, CEO, Essar Vizag Terminals Ltd.