Great Eastern Shipping gains as its arm contracts to sell ‘Greatship Ragini’

12 Apr 2016

Great Eastern Shipping is currently trading at Rs. 329.20, up by 5.25 points or 1.62% from its previous closing of Rs. 323.95 on the BSE.

The scrip opened at Rs. 326.95 and has touched a high and low of Rs. 334.10 and Rs. 326.95 respectively. So far 5617 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 420.00 on 10-Nov-2015 and a 52 week low of Rs. 275.00 on 02-Mar-2016.

Last one week high and low of the scrip stood at Rs. 342.00 and Rs. 321.25 respectively. The current market cap of the company is Rs. 4976.40 crore.

The promoters holding in the company stood at 30.51%, while Institutions and Non-Institutions held 42.04% and 27.45% respectively.

Greatship Global Offshore Services, a Singapore incorporated subsidiary of Greatship (India) (GIL), which is a wholly owned subsidiary of The Great Eastern Shipping Company, has contracted to sell its 2013-built ROV Support Vessel (ROVSV) ‘Greatship Ragini’. The vessel is expected to be delivered to the buyers in Q2/Q3 FY17.

GIL and its subsidiaries currently own and operate five PSVs, eight AliTSVs, two MPSSVs, six ROVSVs and four Jack-up Rigs.

Great Eastern Shipping Company is engaged in shipping and offshore business. Its shipping business offers transportation services for crude oil, petroleum products, gas and dry bulk commodities.

Related The Great Eastern Shipping Company Ltd. Links:

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