23.36 0.11(0.47%)
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This tools helps you project your potential return on investments for the given stock, for a specified amount over a per-defined period of time.
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Essar Shipping Limited was initially incorporated on April 16, 2010 as 'Essar Ports & Terminals Limited' in the State of Gujarat. The Company received the Certificate of Commencement of Business on June 1, 2010. Later, the name of the Company was changed from Essar Ports & Terminals Limited to Essar Shipping Limited with effect from September 7, 2010.In 2011-12, the Scheme of Arrangement between Essar Shipping Ports & Logistics Ltd (ESPLL), Essar Ports & Terminals Ltd (EPTL), Mauritius, Essar International Ltd (EIL) Mauritius and the Company for the merger of EPTL and EIL with ESPLL and the demerger of the Shipping & Logistics Business and the Oilfields Services Business into ESL was made effective from October 1, 2010. Upon the Scheme becoming effective, the Company ceased to be a subsidiary of Essar Shipping Ports & Logistics Ltd with effect from October 1, 2010. In consideration of the demerger, the Company allotted 20,52,27,768 equity shares of Rs 10/- each as fully paid up to the eligible members of ESPLL. On July 27, 2011, the Company acquired a 152,065 DWT Cape See Dry Bulk Carrier.The Company is a part of the multinational conglomerate Essar Group. It is an integrated logistics solution provider with investments in logistics services, sea transportation and oi...