GE Shipping shines as its subsidiary delivers Greatship Mamta

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 257.40, up by 0.80 points or 0.31 % from its previous closing of Rs. 256.60 on the BSE.

The scrip opened at Rs. 261.00 and has touched a high and low of Rs. 261.00 and Rs. 256.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 285.45 on 17-Feb-2012 and a 52 week low of Rs. 183.00 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 272.00 and Rs. 253.00 respectively. The current market cap of the company is Rs. 3929.07 crore.

The promoters holding in the company stood at 29.86% while Institutions and Non-Institutions held 38.52% and 31.39% respectively. 

Greatship Global Offshore Services (GGOS), a Singapore incorporated subsidiary of Greatship (India) (GIL), which is a wholly owned subsidiary of Great Eastern Shipping Company (GE Shipping), has delivered the 2010 built Multipurpose Platform Supply and Support Vessel -- Greatship Mamta -- to the buyers.

With the delivery of Greatship Mamta, GIL and its subsidiary currently own and / or operate four PSVs, nine AHTSVs, two MPSSVs, four ROVSVs and two jack up rigs. GIL and its subsidiaries also have an order book of two ROVSVs in Sri Lanka and one 350 feet jack up rig in Dubai.

Great Eastern Shipping Company (G E Shipping) is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.