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Global Offshore Services Ltd.

BSE: 501848 Sector: Infrastructure
NSE: GLOBOFFS ISIN Code: INE446C01013
BSE LIVE 19:40 | 19 Oct 43.25 -0.75
(-1.70%)
OPEN

44.75

HIGH

45.00

LOW

42.75

NSE 19:31 | 19 Oct 43.10 -0.70
(-1.60%)
OPEN

43.05

HIGH

45.85

LOW

42.50

OPEN 44.75
PREVIOUS CLOSE 44.00
VOLUME 20461
52-Week high 139.00
52-Week low 30.00
P/E
Mkt Cap.(Rs cr) 107
Buy Price 0.00
Buy Qty 0.00
Sell Price 43.00
Sell Qty 230.00
OPEN 44.75
CLOSE 44.00
VOLUME 20461
52-Week high 139.00
52-Week low 30.00
P/E
Mkt Cap.(Rs cr) 107
Buy Price 0.00
Buy Qty 0.00
Sell Price 43.00
Sell Qty 230.00

Global Offshore Services Ltd. (GLOBOFFS) - Company History

Incorporated in Sep.'76, Garware Shipping Corporation (GSCL), was promoted by B D Garware and belongs to the Garware group. Ashok Garware is the chairman. GSCL's group companies are Garware Nylons, Garware Marine Industries, Garware Paints, Garware Wall Ropes, etc. The company came out with a rights issue at a premium of Rs 8, aggregating Rs 9.07 cr, to strengthen its resources for long-term use and meet working capital requirements. The company is engaged in the shipping business, and operates general cargo vessels. One of its clients is ONGC. GSCL plans to diversify into underwater services, exploration of oil, construction activities, and set up a diving institute. In Mar.'90, GSCL embarked upon an expansion programme estimated to cost Rs 15 cr to acquire three conventional cargo ships. The trend of increased charter hire earnings continued during the year. The company plans to increase its tonnage and is looking for the right opportunity. The company came out with a rights issue in 1994 at a premium of Rs 12 to finance its modernisation and capital expenditure. The company vessel, M V Shivneri, ran aground in Oct.'94 which was declared a constructive total loss by the insurance company.