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Essar Ports posted a 7 per cent increase in net profit at ₹99 crore for the quarter-ended June 30. In the comparable period of the previous year, the net profit was ₹92 crore. The net sales for the quarter stood at ₹411 crore (₹407 crore). During the quarter under review, Essar Ports took over Vishakhapatnam iron ore outer harbour terminal. This has increased the operating capacity from 104 million tonnes per annum (mtpa) to 120 mtpa. The operating capacity is expected to increase to 140 mtpa by March 2016 and 194 mtpa by 2018. The total capital employed till date is about ₹10,000 crore, the statement said.
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