Essar Ports

Essar to set up 2 LNG ports in 18 months, invest $500 million

Essar to set up 2 LNG ports in 18 months, invest $500 million

Essar Ports, which delisted in late 2015, will close 2017-18 with a pre-tax profit of about Rs 1,000 crore and is targeting to take it up to Rs 1,300 crore with the commissioning of new facilities, he said.

Sep 24, 2017, 18:13 PM IST

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.

May 14, 2015, 19:25 PM IST

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.

May 14, 2015, 15:25 PM IST

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.

Sep 06, 2013, 18:57 PM IST

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.

Aug 12, 2013, 18:09 PM IST

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.

Jul 21, 2013, 13:11 PM IST

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.

Jul 18, 2013, 18:48 PM IST

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.

Jun 20, 2013, 14:32 PM IST

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.

Apr 18, 2013, 17:57 PM IST

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.

Jan 17, 2013, 18:45 PM IST

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.

Dec 24, 2012, 14:05 PM IST

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.

Nov 06, 2012, 19:39 PM IST

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.

Nov 04, 2012, 18:05 PM IST

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.

Oct 16, 2012, 18:58 PM IST

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.

Sep 20, 2012, 21:56 PM IST

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.

Sep 20, 2012, 19:15 PM IST

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.

Jul 11, 2012, 21:24 PM IST

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.

May 31, 2012, 08:52 AM IST

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

May 30, 2012, 16:50 PM IST

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.

Feb 02, 2012, 20:50 PM IST