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Essar Ports Q4 net profit rises 15% to Rs 104.6 cr

Essar Ports Thursday reported over 15 percent increase in consolidated net profit at Rs 104.6 crore for the quarter ended March 31, 2015.

Essar to develop 3 berths at Vizag port for Rs 1,200 cr

The project will be developed at a cost of Rs 1,200 crore over a period of three years.

Essar Ports seeks shareholder nod to raise $1 bn

Essar Ports has sought shareholders' nod to raise up to USD 1 billion (about Rs 6,500 crore) through securities for ongoing expansion of various projects.

SEBI revokes restrictions on Essar Ports

Market regulator Sebi Monday revoked the restrictions it had imposed on Essar Ports as well as its directors and promoters for not meeting the minimum public shareholding norms, as the company has now complied with the directions.

Essar Ports to secure Rs 700-cr loans for Vizag port in 6 mths

The iron ore berths at the Visakhapatnam port have the highest peak loading rate of 8,000 tonnes per hour and deepest draft terminal in the country.

Essar Ports Q1 net up 48%; Co to move to dollar-based tariff

Essar Ports, which Thursday reported a 48 percent jump in consolidated net profit at Rs 101.44 crore, is moving towards a dollar-based tariff structure to cut interest costs and mitigate the impact of falling rupee.

Essar Ports meets Sebi's public float norms

Essar Ports has a current capacity of 104 mt per annum, which is being expanded to 181 mt over the next few years.

Essar Ports Net rises five-fold to Rs 331.6 crore in FY13

Essar Ports today reported a five-fold increase in its consolidated net profit to Rs 331.6 crore for fiscal 2012-13 on higher income.

Essar Ports Q3 net doubles at Rs 90.42 cr

Essar Ports' consolidated net profit more than doubled to Rs 90.42 crore in the third quarter of the current fiscal on higher income.

Essar Ports commissions 16-mt terminal at Paradip

Essar Ports Monday said it has commissioned its 16 million tonne per annum (MTPA) dry bulk terminal at Paradip in Odisha, taking its capacity to 104 MTPA.

RBS acquires 29 lakh shares in eight cos for Rs 352 cr

Royal Bank of Scotland (RBS) Tuesday acquired a total of nearly 29 lakh shares in eight companies, including Infosys, Adani Power and Essar Ports, for over Rs 352 crore.

Essar Ports says Paradip iron ore berth commissioning shortly

"The civil and engineering work is over. We are just waiting for an official go-ahead to formally commission the 20 million tonne per annum facility, which can happen within a few weeks," Essar Ports finance director Shailesh Sawa said here.

Essar Ports Q2 net profit up 97% to Rs 80.53 cr

The Ruias-promoted firm had reported a net profit of Rs 40.84 crore in the corresponding quarter of the previous fiscal.

Essar Ports refinances Rs 405-cr debt via take-out finance

"Essar Ports has availed of the take-out finance scheme to reduce interest rates by over 2.5 percent on the Rs 405 crore debt," a company statement said.

Essar Ports refinances subsidiary's Rs 405-cr loan

Ruia Group company Essar Ports on Thursday said it has refinanced Rs 405 crore loan in its subsidiary Essar Bulk Terminal Limited through India Infrastructure Finance Company.

Essar Ports' Paradip coal berth gets green nod

Essar Group company Essar Ports Wednesday said the coal berth at its Paradip Port has received approval from the Environment and Forests Ministry.

Antwerp Port buys 4% in Essar Ports for Rs 175-cr

The company reported a net loss of Rs 61.5 crore for the March quarter as against a net profit of Rs 11.5 crore in the year ago period.

Shashi Ruia steps down from board of Essar Ports

Essar Group promoter Shashi Ruia has stepped down from the Board of Essar Ports.
"Shashi Ruia has stepped down from the Board of the Company with immediate effect," Essar Ports said in a filing to the BSE

Essar Ports Q3 net jumps 5-fold to Rs 44.98 cr

Ruias-promoted Essar Ports Thursday posted over five-fold jump in consolidated net profit to Rs 44.98 crore for the quarter ended December 31, 2011, largely due to increased realisations from its operations.

Essar Ports eyes over 2-fold spike in traffic handling by 2015

The Ruias-led Essar Ports targets to more than double its cargo handling to 125 million tonnes by 2015, a top executive said Wednesday.