Essar Shipping Ports & Logistics (ESPLL) has reportedly garnered about $1.3 billion (approx Rs 5,850 crore) investment during this fiscal in about six deals.

While ESPLL has achieved financial closures for most of its expansion plans on hand, it is in the process of drawing up a fresh plan for the ensuing fiscal for raising funds for the remaining part of its $600-million (approx Rs 2,700 crore) fleet expansion programme.

Recently, the company has inked a deal with a consortium of Indian banks to raise Rs 650 crore for financing the Rs 930-crore expansion of its Vadinar oil terminal in Gujarat, which is being expanded from the present 10.5 to 16 million tonne under the Phase I expansion programme.

Also, ESPLL has raised funds for the acquisition of two jack-up rigs for its offshore division - the rigs are being built at ABG Shipyard, at a cost of $440 million (approx Rs 1,980 crore). Both foreign and Indian banks were part of these two deals.