Essar Ports, which on Thursday reported five-fold increase in quarterly profit, expects 20 per

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cent of total revenue to come from the non-captive business by 2014-15. At present, more than 95 per cent of its revenue comes from captive group companies like Essar Steel, Essar Oil and Essar Power. For the December quarter, the company reported Rs 44.98 crore profit compared with Rs 8.21 crore in the same quarter a year ago. “At present, we are having around 4 per cent of our revenue from third party cargo handling at Hazira terminal. We hope to take this to 20 per cent of the total revenue by 2014-15,” said Rajiv Aggarwal, managing director Essar Ports. He said by 2014-15, Essar Ports' total capacity will expand to 158 million tonne (mt). Essar Ports is expanding capacity at Hazira and set up new dry bulk terminals at Salaya and Paradip. “Our Paradip terminal will be commissioned in April, increasing the capacity by another 16 mt. Besides, Hazira would be expanded to 20 mt,” Aggarwal said in a conference call.