Essar Ports Unlisted Share Price

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

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

 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

 ESSAR PORTS LIMITED UNLISTED SHARE DETAILS

SHAREHOLDING PATTERN (As of 31-03-2024)

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 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.