Essar Ports

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123.350.00 (0.00%)

4th Mar 2015

37.25000.00 (0.00%)

2nd Jul 2007

BSE : 500630


Sector :

ISIN Code :

  • NSE
  • BSE
  • 1D
  • 5D
  • 1M
  • 6M
  • 1Y
  • 2Y
  • 5Y
  • MAX

Last Updated: Jul 02 2007 | 12:00 AM IST

Market Cap (₹ Cr)


Turnover (₹ Cr)


Volume (Shares)


52-WK High


52-WK High Date

12 Dec 2023

52-WK Low


52-WK Low Date

12 Dec 2023

All Time High

All Time High Date

12 Dec 2023

All Time Low

All Time Low Date

12 Dec 2023

Essar Ports

Essar Shipping Ports & Logistics Ltd is an end-to-end logistics services provider with investments in ports & terminals logistics services sea transportation and oilfield drilling services. The principal activities of the company are to undertake shipping services including cargo movement charter freight and other related services. They also undertake sea transportation management services and crude oil storage and distribution services. The company operates in India parts of Asia United States and Europe.The company operates four businesses namely Sea Transportation business Oilfields drilling business Ports & Terminals business and Logistics business. The Sea Transportation business provides transportation management services for crude oil and petroleum products and dry bulk cargo to the global energy steel and power industries. The Oilfields drilling business offers onshore and offshore contract drilling and offshore construction services. The Ports & Terminals business operates a crude oil and petroleum products terminal at Vadinar and includes the construction of a dry bulk port at Hazira and a Coal jetty at Salaya all in the State of Gujarat. The Logistics business provides end-to-end logistics services from ships to ports lighterage services intra-plant logistics and dispatch of finished products.Essar Shipping Ports & Logistics Ltd was incorporated on April 5 1975 as Karnataka Shipping Corporation Ltd. The name of the company was changed to Essar Shipping Ltd on December 5 1984. Subsequently on March 24 2008 the name of the company was changed to their present name Essar Shipping Ports & Logistics Ltd.In October 1994 the company entered into a joint venture agreement with Poompuhar Shipping Corporation Ltd Chennai and formed Essar Chennai Shipping Co Ltd to cater the coal transportation. South India Shipping Corporation Ltd was merged with the company with effect form April 1 1996.During the year 1999-2000 the company acquired two Suexmax Tankers which were earlier under Bareboat Charter cum Demise arrangement. During the year 2000-01 the company transferred the Terminalling Group which consists of crude oil POL storage and distribution services to the wholly owned subsidiary company Vadinar Oil Terminal Ltd. During the year 2002-2003 the company promoted two companies namely Vilsat Investments Pvt Ltd and ESL Worldwide Sea Logistics Ltd as their subsidiaries and they divested those two companies during the year 2003-04. In October 2003 the company sold their Offshore Supply Vessels Division as a whole since the growth is miniscule. In March 2004 they added one Double Hull Double Bottom Very Large Crude Carrier namely MT Ashna into the Energy Transportation Group.During the year 2004-05 the company sold their Very Large Crude Carrier (VLCC) MT Ashna and also entered into a Memorandum of Agreement to sell four of their Suezmax tankers. The company acquired one Capesize Bulk carrier namely MV Chandi Prasad during the year. The company divested two of their non-operating wholly owned subsidiaries namely ESL Sea Logistics Limited Cyprus and Prime Sea Logistics Limited Cyprus. Also they incorporated Essar Pipeline Limited as their wholly owned subsidiary which was also been divested in March 2005.During the year 2005-06 the company acquired 2 Very Large Crude Carriers (VLCC) namely MT Ashna and MT Smiti in order to increase their market share in the Crude Oil Transportation and Crude Oil Transportation Management Services. Also they sold their four Suezmax tankers. The company voluntarily liquidated one of their wholly owned subsidiary namely Energy I Limited Bermuda.During the year 2005-06 the company sold their Handysize Dry Bulk Carrier namely MV Nand Srishti and also bought one new built Diving Support Vessel namely MV Persistence for a consideration of Rs 23 crore from ABG Shipyard Ltd. In May 2006 Essar Logistics Ltd became a subsidiary of the company. During the year 2007-08 the company incorporated a new subsidiary Essar Ports & Terminals Ltd in Mauritius. During the year Essar Ports & Terminals Ltd acquired 74% shareholding of Essar Bulk Terminal Ltd 90.50% shareholding of Vadinar Oil Terminal Ltd and 100% shareholding of Essar Bulk Terminal (Salaya) Ltd.The company is in the process of amalgamating the India Shipping of Mauritius and Essar Sisco Ship Management Company Ltd the wholly owned subsidiary with the company. Consequent to the amalgamation Essar Oilfields Services Ltd the subsidiary of India Shipping will become a wholly owned subsidiary of the company. In August 2008 the company added two modern Supramax Dry Bulk Carriers to their shipping fleet.

Essar Ports - Key Fundamentals

[*C] Consolidated [*S] Standalone

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Company Info

Company Information

Director : Dilip Jayantilal Thakkar

Whole-time Director : Kamla Kant Sinha

Nominee Director : Nikhil Manohar Naik

Director : Bhupindersingh Kumar

Director : Prabhat Kumar Srivastava

Managing Director : Rajiv Agarwal

Chief Financial Officer : Rakesh Kankanala

Company Secretary : Neelam Jagdish Thanvi