Essar Shipping sees a Rs 0.53 billion loss in March quarter
PORTS & SHIPPING

Essar Shipping sees a Rs 0.53 billion loss in March quarter

Essar Shipping reported a loss of Rs 0.53 billion during the March 2024 quarter on lower income. It had posted Rs 0.363 billion in profit for the period after the share of profit ofthe associate"" in the year-ago period.

The company's total income declined to Rs 0.13 billion as against Rs 0.27 billion in the January-March period of FY23. Part of the Essar Group, Essar Shipping has over four decades of experience in owning and operating maritime assets.

Essar Shipping reported a loss of Rs 0.53 billion during the March 2024 quarter on lower income. It had posted Rs 0.363 billion in profit for the period after the share of profit ofthe associate in the year-ago period. The company's total income declined to Rs 0.13 billion as against Rs 0.27 billion in the January-March period of FY23. Part of the Essar Group, Essar Shipping has over four decades of experience in owning and operating maritime assets.

Next Story
Infrastructure Transport

Bengaluru-Chennai Expressway: 72km Karnataka Stretch Completed

The National Highways Authority of India (NHAI) has completed the 72-km stretch of the Bengaluru-Chennai Expressway that falls within Karnataka. The project, which faced delays due to local objections over the relocation of the Guddamma Temple at Jinnagara, has now moved past its final hurdle. After over two years of negotiations with villagers and the state government, NHAI successfully shifted the temple and constructed the remaining 500-meter section of the road. Despite the construction being completed, NHAI has yet to announce when motorists will be allowed to use the new road. The expres..

Next Story
Infrastructure Transport

NHAI Officials Inspect NH 181 Ghat Section

Officials from the environment wing of the National Highways Authority of India (NHAI) inspected the ghat section of NH 181 between Kallar and Ooty on Monday, following a directive from the Madras High Court. The inspection was carried out in connection with a case concerning vertical cuttings made by the National Highways-Tamil Nadu state wing on the uphill side of the ghat road. The chief general manager of the NHAI's environmental wing, a respondent in the case, led the inspection of the 38-km stretch. During the visit, officials discovered multiple instances of illegal rock quarrying, wher..

Next Story
Infrastructure Energy

Saatvik Green Energy and MSEDCL partner for solar pumps in Maharashtra

Solar PV module manufacturer Saatvik Green Energy has joined hands with Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) to supply solar-powered submersible pumps across 250 sites in Maharashtra. These pumps, with capacities between 3HP and 7.5HP, are designed to support irrigation, drinking water, livestock, and pond management in areas with limited electricity access. The solar pumps are built with durable stainless steel and feature high-efficiency motors and controllers, all certified by NABL-accredited labs to ensure quality. By operating solely on solar power, they aim to of..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000