About ESSAR PORTS LIMITED Unlisted Share
ESSAR PORTS LIMITED is engaged in the development and operations of Ports and Terminals for handling liquid, dry bulk, breakbulk, and general cargo. It is one of the largest private-sector port operators in India by capacity and throughput. It has four operational terminals in India across Hazira and Salaya (in the state of Gujarat) on the west coast and one each in Visakhapatnam and Paradip on the east coast. The current operational Port Terminal capacity in India is 82 MMTPA and the same is expected to reach 110 MMTPA.
The Paradip dry bulk terminal is a deep draft facility integrated Essar Steel Pellet plant and handles dry bulk cargo. The Hazira port terminal is a deep draft port terminal capable of handling dry bulk, liquid, and breakbulk cargo. The Vizag terminal caters to both domestic and international shipments of iron ore. Vizag is the largest iron ore handling complex in India with 24 MMTPA capacities. Salaya terminal is the newest terminal of the company on the west coast of India. Essar has recently signed a concession for the development of 20 MMTPA dry bulk (coal) terminals in Beira Port with the Government of Mozambique.
The equity shares of the company were listed on the Bombay Stock Exchange and National Stock Exchange till 31st December 2015.
INCORPORATION DETAILS
|
CIN |
U85110GJ1975PLC054824 |
|
Registration Date |
5th April 1975 |
|
Category/Sub-category of the Company |
Public Company |
|
Address of the Registered office and contact details |
Salaya Administrative Building, ER-2 Building, Salaya, Taluka Khambhalia, District Devbhoomi Dwarka, Jamnagar, Gujarat- 361305, India |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
M/s. Data Software Research Company Pvt. Ltd., Unit – Essar Ports Limited, 19, Pycrofts Garden Road, Off Haddows Road Nungambakkam, Chennai 600 006 Phone: +91 44 2821 3738, 2821 4487 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Service activities incidental to water transportation (Fleet operating and chartering earnings) |
52220 |
100% |
BOARD OF DIRECTORS
Shri. P. K. Srivastava (Chairman)
Shri. Rajiv Agarwal (Managing Director & CEO)
Shri. Dilip J. Thakkar (Independent Director)
Capt. B. S. Kumar (Independent Director)
Shri. K. K. Sinha (Wholetime Director)
Shri. Nikhil Naik (Nominee Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
|
Name of the Company |
Subsidiary/Associate |
% of shares held |
|
Essar Vizag Terminals Limited |
Subsidiary |
100.00% |
|
Essar Bulk Terminal (Salaya) Limited |
Associate |
19.96% |
|
Ultra Lng Haldia Limited |
Associate |
48.00% |
ESSAR PORTS LIMITED UNLISTED SHARE DETAILS
|
Total Available Shares: |
2,14,12,813 |
|
Face Value: |
Rs. 10 Per Equity Share |
|
ISIN: |
INE282A01032 |
|
PAN No. |
AAACE8391D |
|
Lot Size: |
100 |
|
Last Traded Price: |
Rs. 10 |
|
Market Cap: |
Rs. 21.41 Crore |
SHAREHOLDING PATTERN (As of 31-03-2020)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Ibrox Aviation And Trading Private Limited |
21,04,169 |
9.83% |
|
2 |
Essar Ports & Terminals Limited |
1,88,30,212 |
87.94% |
|
3 |
Public Shareholding |
4,78,432 |
2.23% |
|
|
Total |
2,14,12,813 |
100.00% |
INDUSTRY OUTLOOK
The global health and economic crisis triggered by the COVID-19 pandemic has upended the landscape for maritime transport and trade and significantly affected growth prospects. Impact on the maritime industry has come across various segments, right from cargo volumes, freight rates, shipbuilding, ship scrapping, and other associated segments.
According to global transport sector experts, maritime trade already lost momentum in 2019 and came under pressure in 2020. At the end of the year 2020, UNCTAD projected that the volume of international maritime trade would fall by 4.1% 2020. Amid supply-chain disruptions, demand contractions, and global economic uncertainty caused by the pandemic, the global economy was severely affected by a twin supply and demand shock. The maritime sector reached its weakest level since the onset of the global financial crisis in 2008–09, which had a cascading impact on global port volume.
According to the Ministry of Shipping, approximately 95% of the country’s trade by volume and 70% by value moves through maritime transport, which clearly highlights the importance of ports and their contribution to supporting and accelerating the growth and development of the Indian economy. In sync with the overall weak growth in EXIM trade, the port volumes in India have not seen robust growth. Despite the good potential to bolster cargo volumes, Indian ports have not seen remarkable growth in recent years.
In FY 2020-21, the total consolidated ports volume handled by Pan-Indian ports was around 1247 MMT, thus revealing a contraction of -5.4% from FY 2019-20 volumes. According to Indian Ports Association (IPA) in FY 2020-21, the consolidated cargo volumes handled by Indian major ports were 673 MMT, registering a 4.6% degrowth in cargo volumes compared to FY 2019-20.
