Business Bytes

Essar to invest Rs 10,000 cr for port in Gujarat

Essar Ports has signed a memorandum of understanding (MoU) with Gujarat Maritime Board (GMB) to build Rs 10,000 crore greenfield commercial port at Dwarka in Gujarat.
Work on a detailed project report (DPR) is on. We are now working on approvals for the project, which might take some time. The project is estimated to employ around 1,000 people, as per sources.

Besides, the company is also in the process to expand the 30 metric tonne (mt) Hazira Bulk Terminal to 50 mt and also the 16 mt Visakhapatnam terminal to 32 mt, add reports.