Essar Shipping

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India Company Latest News And Updates

India looking at rupee-ruble trade: Sitharaman
June 20, 2015 01:58 PM
Indian Commerce Minister Nirmala Sitharaman said on Friday that the government actively considering the possibility of rupee-ruble trade with Russia as well as barter trade in commodities.Interacting with a Confederation of Indian Industry delegation that she is leading at the St. Petersburg International Economic Forum being held over June 18-20, Sitharam said the Russian government was keen to engage with India and Indian businesses more aggressively, said a CII release. One of the difficulties to resolve in this regard is that Russia has not yet been able to organize exchange trading of the Indian currency, as it has already achieved with the Chinese yuan. The CII on Friday also signed an MoU with the Russian Chamber of Commerce and Industry to strengthen bilateral economic cooperation. Members of the delegation who shared their business interests and activities in Russia included Essar, Sun Group, Dr Reddy's Labs, L&T, Rajshree Sugars and Chemicals, Asia Motor Works, M3M, Innovest India, among others, CII said. Source - IANS

Essar Shipping Ltd. (ESL) is among the leading sea logistics companies in the world. The main focus of the Essar Shipping is to provide solutions for transportation for the international energy trade.

The experienced and skilled work-force is the main factor that has contributed to the success of the company. Essar Shipping is known for its international-standard operations, consistent financial performance, impressive safety record, and its focus on customers needs. These factors are the main reasons behind the growth of the company in to be a global player.

The Essar Shipping consists of around 14% of the total shipping fleet in India. The company has the largest VLCC (Very Large Crude Carrier) which regarded to be the first of its kind in the Indian sub-continent

The main businesses Essar Shipping indulges in are:

Energy transportation group: This department facilitates the sea transportation management services to many of the international energy industry which includes oil companies from Europe, United States, and India.

Some of the major companies such as Chevron, Shell, Statoil, Mobil, BP Amoco, Ultramar Inc., and Texaco charter the tankers of Essar Shipping for transportation of crude oil.

Latest Financial Figures(Figures in Rs. Crores)
ET 500 Rank(2011)311
IndustryShipping
Turnover2086.12
Profit after Tax(PAT)70.15
MCAP (Market Capitalization)2399.08
Assets6725.4


Integrated bulk and petroleum product transportation group: This department provides supply chain management services for the transportation of bulk cargo and refined product by the sea. Several industries like power, steel, cement, petroleum and fertilizer opt for the service of this department. The company's clients in this business include Bharat Petroleum, Indian Oil Corporation, and Hindustan Petroleum.

Last Updated on 1/4/2012

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