Essar Shipping

Essar Shipping's board on Saturday approved an inter-corporate loan of up to ₹10 crore from Abhinand Ventures Private Limited and/or Niwas Residential & Commercial Properties Private Limited. The loan, repayable on demand, will be used for working capital, repayment of outstanding dues, and general corporate purposes. The company said it is yet to enter into the loan agreements, after which requisite disclosures will be made.

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Nov 14 (Reuters) - Essar Shipping Ltd ESPL.NS:

• SEPT-QUARTER CONSOL NET PROFIT 6.43 BILLION RUPEES

• SEPT-QUARTER CONSOL INCOME FROM OPERATIONS 1.48 BILLION RUPEES

Source text: ID:nBSE9VBGPx

Further company coverage: ESPL.NS

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Nov 13 (Reuters) - Essar Shipping Ltd ESPL.NS:

• ESSAR SHIPPING SEPT-QUARTER CONSOL NET PROFIT 6.43 BILLION RUPEES

• ESSAR SHIPPING SEPT-QUARTER CONSOL TOTAL INCOME FROM OPERATIONS 2.48 BILLION RUPEES

Further company coverage: ESPL.NS

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** Shares of Indian shipping companies up 5%-20%

** Government may announce incentives and launch Maritime Development Fund (MDF) for shipping services providers and shipbuilders in July 23 budget, broadcaster CNBC Awaaz reports, citing sources

** Adds, MDF likely to receive allocation of 150 bln rupees to 200 bln rupees (1.79 bln-$2.39 bln) to help shipbuilders, like Shipping Corp SCI.NS, avail long-term loans at lower costs

** SCI and peer Shreyas Shipping SRSH.NS up 20% each; SCI at record high while SRSH eyes best day since May 2023

** Garden Reach Shipbuilders GRSE.NS, Cochin Shipyard COCH.NS and Mazagon Dock MAZG.NS up 5% each; Seamec SEAM.NS up 6.4% at record high

($1 = 83.5685 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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March 28 (Reuters) - Essar Shipping Ltd ESPL.NS:

• ESSAR SHIPPING LTD - APPROVED EXTENSION OF TIMELINE FOR CONCLUDING DISINVESTMENT IN OVERSEAS DIRECT INVESTMENTS

• ESSAR SHIPPING LTD - APPROVED EXTENSION OF TIMELINE FOR CONCLUDING SALE OF SHARES OF SUBSIDIARY COMPANIES

Source text for Eikon: ID:nBSE9y4GRg

Further company coverage: ESPL.NS

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** Shares of Great Eastern Shipping GESC.NS, Essar Shipping ESPL.NS, Shipping Corp SCI.NS rise between 7%-3%; SCI and GESC hit record highs

** Companies have started diverting ships away from Red Sea due to attacks from Yemen's Iran-backed Houthi militants

** French shipping group CMA CGM, Oil major BP BP.L, Norwegian oil and gas firm Equinor are among cos who paused shipping via Red Sea

** Expect an uptick in demand for cargoes and containers in India as shippers strive to mitigate impact of this situation - Christian Roeloffs, CEO of Container xChange

** India exports petroleum products, chemicals, pharmaceuticals, engineering goods and textiles and apparels through the Red Sea - Roeloffs

** Port operators JSW Infrastructure JSWN.NS and Adani Ports APSE.NS were down 2.2% and 1.2%, respectively

(Reporting by Sethuraman NR in Bengaluru)

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Dec 13 (Reuters) - Essar Shipping Ltd ESPL.NS:

• TO ISSUE AND ALLOT 32 MILLION 1% NON CONVERTIBLE DEBENTURES THROUGH PRIVATE PLACEMENT

• TO ISSUE AND ALLOT BY CONVERTING UNSECURED LOAN INTO NCDS

Source text for Eikon: ID:nBSE1mX84s

Further company coverage: ESPL.NS

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Dec 8 (Reuters) - Essar Shipping Ltd ESPL.NS:

• TO ISSUE OF NON-CONVERTIBLE DEBENTURES THROUGH PRIVATE PLACEMENT

• TO CONSIDER ISSUE OF 1% 32 MILLION NON-CONVERTIBLE DEBENTURES OF 100 RUPEES EACH

Source text for Eikon: ID:nBSE8RtMN7

Further company coverage: ESPL.NS

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Aug 22 (Reuters) - Essar Shipping Ltd ESPL.NS:

• TO CONSIDER RAISING FUNDS

Source text for Eikon: ID:nBSE3Wck92

Further company coverage: ESPL.NS

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** Shares of integrated logistics services provider Essar Shipping ESPL.NS rise as much as 4.72% to 12.20 rupees

** Stock set to rise for a second consecutive session, if gains hold

** ESPL says approved divestment of Overseas Direct Investment and sale of shares in 3 units nFWN39X0K9

** More than 161,000 shares change hands by 10:23 a.m. IST, 1x the 30-day avg

** Stock up 18.9% this year, as of last close

(Reporting by Anisha Ajith in Bengaluru)

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Aug 16 (Reuters) - Essar Shipping Ltd ESPL.NS:

• 
  

• ESSAR SHIPPING LTD - APPROVED DISINVESTMENT IN OVERSEAS DIRECT INVESTMENTS, SALE OF SHARES OF 3 UNITS

Source text for Eikon: ID:nBSE6m3lwD

Further company coverage: ESPL.NS

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