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Shreyas Shipping & Logistics Ltd.

BSE: 520151 Sector: Infrastructure
NSE: SHREYAS ISIN Code: INE757B01015
BSE 11:16 | 16 Jul 467.05 -14.70
(-3.05%)
OPEN

470.00

HIGH

470.00

LOW

467.05

NSE 11:07 | 16 Jul 469.50 -9.75
(-2.03%)
OPEN

485.00

HIGH

485.35

LOW

469.50

OPEN 470.00
PREVIOUS CLOSE 481.75
VOLUME 130
52-Week high 645.00
52-Week low 292.00
P/E 12.46
Mkt Cap.(Rs cr) 1,026
Buy Price 467.00
Buy Qty 1.00
Sell Price 470.50
Sell Qty 1.00
OPEN 470.00
CLOSE 481.75
VOLUME 130
52-Week high 645.00
52-Week low 292.00
P/E 12.46
Mkt Cap.(Rs cr) 1,026
Buy Price 467.00
Buy Qty 1.00
Sell Price 470.50
Sell Qty 1.00

Shreyas Shipping & Logistics Ltd. (SHREYAS) - Company History

Incorporated as a private limited company, Shreyas Shipping (SSL) got its present name and became a public limited company in Dec.'94. Promoted by the Transworld group, it heralded the entry of the private sector into container shipping. After liberalisation, the company acquired MV Orient Prosperity, an 8000-dwt container vessel with a capacity of 405 TEUs, which is the first container owned by the private sector in India. Feeder vessels and services form an integral part of the containerised shipping sector. In Nov.'93, the Ship Acquisiton & Licensing Committee permitted Shreyas Shipping to acquire three container feeder vessels. This was the first sanction of its kind accorded to the private sector in over a decade. The company has chartered its course to become a major feeder operator in the Bombay-UAE sector, for which a strategic alliance has been entered into with X-Press Containers, UK. It has also commenced a regular common carrier service connecting Bombay and Colombo. SSL has tied-up with OEL, UK, for technical know-how, shipping operations and procurement of business. Company entered into agreement for taking Two Containers Vessels on lease having a capcity of 1152 teus each from ICICI Ltd. With this acquisiton company increase the fleet to seven. Company started new service between Salaah - Colombo - Tuticorin - Cochin. In 1999-2000, the company has taken on lease two new vessels, the Orient Spirit and the Orient Strength. It has commenced service between the ports of Kandla and JNPT which has now become a premiur feeder service not only for providing revenue streams to the company but also precious saving in foreign exchange to the nation. With the help of Government of India company has been able to successfully commence and run a Coastal Feeder Service during 2001.In 2001 company carried out pilot run loading containers at anchorage at minor port at Sikka for transhipment to JNPT. The company is perceiving a sea venture opportunities around the Indian Coast in the area of coastal feedering. In the long run the company has planned to get into Coastal business from Chennai port connecting to Haldia,Vizag and Kakinada. During 2002-03 the company acquired 'MV Orient Aishwarya' by availing a foreign loan from ICICI Bank of USD 2.40 million.