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Essar Ports gains as its arm enters into a Concession Agreement with Kandla Port Trust

20 Apr 2015 Evaluate

Essar Ports is currently trading at Rs. 121.00, up by 0.75 points or 0.62 % from its previous closing of Rs. 120.25 on the BSE.

The scrip opened at Rs. 121.90 and has touched a high and low of Rs. 123.65 and Rs. 121.00 respectively. So far 136 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.40 on 23-Mar-2015 and a 52 week low of Rs. 58.05 on 08-May-2014.

Last one week high and low of the scrip stood at Rs. 127.50 and Rs. 120.10 respectively. The current market cap of the company is Rs. 5177.44 crore.

The promoters holding in the company stood at 74.97 % while Institutions and Non-Institutions held 11.81 % and 13.22 % respectively.

Vadinar Liquid Terminals, a subsidiary of Essar Ports has entered into a Concession Agreement with Kandla Port Trust for development of Marine Liquid Terminal facilities consisting of one Single Point Mooring system and two Product jetties at Vadinar in Gujarat. The term of the concession is 30 years.

Essar Ports is one of the largest port companies of India, with a current capacity of 104 MMTPA. The capacity is being expanded to 181 MMTPA over the next few years. Essar Ports has three operational terminals at Hazira, Vadinar and Paradip.

 

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