Essar Shipping said its consolidated net loss narrowed to Rs.151.66 crore for the quarter ended March 31, 2016. The firm had posted a net loss of Rs.159.69 crore in the year-ago period, it said in a filing.
Tag: Essar Shipping
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Essar Shipping posts loss of Rs 11.20 cr
Essar Shipping has announced a net loss of Rs.11.20 crore for the quarter ended September 30, 2013 against (Rs.35.99) crore for the quarter ended September 30, 2012. The company announced the the financial results for the period ended September 30, 2013.
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Essar firms to reduce dependence on group companies
Essar group companies like Essar Shipping, Essar Ports, Essar Projects would diversify their operations and reduce their dependence on sister companies for business. These companies largely cater to the sister companies and thereby rely on these firms for revenue generation.
For example, currently, Essar Projects earns around 60 percent of its revenue from group firms, but wants to eventually take external orders to 90 percent, deriving half its re
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CLSA Mauritius offloads partial holding in Essar firms
Through open market transactions on the stock exchanges, CLSA Mauritius sold 33.54 lakh shares (amounting to 0.78 per cent) of Essar Ports for an average price of Rs 83.84 apiece valuing the deal at Rs 28.12 crore. In another transaction, the foreign fund house offloaded its entire stake of 1.28 per cent or 26.27 lakh scrips of Essar Shipping to Leman Diversified Fund. The shar
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Net profit of Essar Shipping declines
Net profit of Essar Shipping declined to Rs 17.85 crore during Oct-Dec 2012 from Rs 48.65 crore in the corresponding period of last year because of higher costs and low crude freight rates in crude oil transportation. The firm reported revenue of Rs 792.66 crore, EBIT0
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Essar Shipping swings to profit in Apr-Sep 2012
During Apr-Sep 2012, Essar Shipping posted a net profit of Rs 18 crore compared to a loss of Rs 66.8 crore in the year-ago
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Analysis: Strategies, opportunities and challenges in MA 2020
Everyone is excited, as the government has brought forth an implementable plan of action for the first time. Now to frame regulations and policies around it.