The Ruias-controlled Essar Ports Ltd will cease to exist as a publicly traded company as its promoters have successfully delisted the firm. JM Financial Institutional Ltd, manager to the delisting process, said that the delisting offer would be deemed to be successful. The delisting price was fixed at Rs.133 a share.
Tag: Essar Ports Ltd
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Essar Ports enters into Concession Agreement with Visakhapatnam Port Trust for development of three iron ore berths
Essar Ports Ltd. (Essar Ports), part of the $39 billion Essar, today announced that Essar Vizag Terminals Ltd., a wholly owned subsidiary of the company, has entered into a Concession Agreement with Visakhapatnam Port Trust for development
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Vizag Port awaits court order to sign agreement with Essar
Essar Ports, through its wholly-owned subsidiary Vadinar Oil Terminal Ltd, has emerged as the highest bidder for mechanisation and operation of three iron ore berths with a combined capacity of 23 MMTPA (million tonnes per annum) at Visakhapatnam Port on BOT basis for a concession period of 30 years.
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Essar Ports Ltd – Q1 FY14 Net Profit up 48 per cent to Rs 101.4 cr
Essar Ports Ltd. (Essar Ports), part of the Essar Group, today announced its unaudited results for the quarter ended June 2013. Net Profit for Q1 FY14 increased by 48% to Rs. 101.4 crore from Rs. 68.5 crore in Q1 FY13.