SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Essar Shipping to focus on drilling and logistics business

08 May 2012 Evaluate

Essar Shipping, part of the Ruias-controlled Essar Group is likely to sharpen its focus on its drilling and logistics business to balance the margin pressures that shipping operations facing currently. It has also initiated to reduce debt on its books.

Currently, drilling and logistics business contribute 20% and 40% to Essar Shipping's revenues respectively. In the previous year that is 2010-11 revenues from these two businesses were about Rs 1,286 crore in the logistics sector and Rs 353 crore in drilling.

Recently, Essar Shipping has received an order from New Sino Oil Company to drill five wells in Brunei. Essar Oilfield Services India (EOSIL), a wholly owned subsidiary of Essar Shipping will execute the drilling of these wells.

Essar Shipping Share Price

27.20 -0.59 (-2.12%)
20-Apr-2026 14:26 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 300.00
GE Shipping 1422.00
Dredging Corp 1012.30
Seamec 1564.00
Shreeji Ship.Global 370.00
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:

×