The ports arm of the Indian Essar group claimed on Monday that it will invest US$500 million over the next 30 months to expand capacities at two existing Indian projects, including the concession of coal terminal. Demand for the project may be lower than expected because Vale (main coal producer in the area) is using another port to export the coal they produce. Indian companies Jindal and ICVL are still using Beira but their operations are on a much smaller scale than those of Vale