Essar Shipping Ports and Logistics today posted a growth of 21.46 per cent in its consolidated net profit at Rs 93.77 crore for the year ended March 2010, against the same period last year.
The company had a consolidated net profit of Rs 77.2 crore in the same period of the previous fiscal, Essar Shipping said in a filing to the Bombay Stock Exchange (BSE).
The total operating income also rose to Rs 3,000.45 crore in the year ended March 2010, over Rs 2,602.86 crore in the same period a year earlier.
The company, in a separate filing to the stock exchange, said that the board has approved the resignation of Ravikant N Ruia as the vice-chairman (VC) of the company with effect from March 31, 2010.
Besides this, Rajiv Agarwal has been appointed as additional director of the company with immediate effect and will be nominated as its managing director (MD) at the company's annual general meeting on July 24.
Agarwal's appointment comes in the wake of Sanjay Mehta's decision to step down as the MD and director of the company with effect from July 24.
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