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
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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
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August 08, 2017
Essar Ports signs first overseas project in Mozambique
Essar Ports, one of the largest private sector port companies in India, has announced it has signed a contract for its first first overseas port project at Mozambique.
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July 06, 2016
South Africa Infrastructure Fund (SAIF) sells stakes in three toll road assets
African Infrastructure Investment Managers (AIIM) has announced the successful sale of investments in three privately-concessioned toll roads in Southern Africa. Acting as the manager of the South Afr...
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April 03, 2014
Essar Ports to invest in Mozambique port concession
Indian port operator, Essar Ports, has sought the approval of its shareholders to invest up to US$25 million in a joint venture, which plans to develop a coal terminal at the Beira port in Mozambique.
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