SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Essar Ports to ink pact with Mozambique authorities

03 Feb 2012 Evaluate

Essar Ports, the second largest private port operator in India, is in talks with Mozambique authorities for signing a concession agreement with the Mozambique administration for development of a port there in the next six months.

The company plans to set up a 30-40-million tonnes port in Mozambique, which will be its first overseas project. The port will be handling iron ore for one of its affiliates and coal for third-party customers.

Essar Ports reported 45%increase in its net profit for the third quarter of this fiscal at Rs 44.81 crore against at Rs 276.78 crore, beating the recessionary trends in the global shipping markets. Average realization per tonne improved 28 per cent to Rs. 237 this fiscal from Rs 185.

Peers
Company Name CMP
Shipping Corpn. 300.30
GE Shipping 1422.75
Dredging Corp 1003.20
Seamec 1557.75
Shreeji Ship.Global 373.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×