Essar Ports is currently trading at Rs. 92.70, up by 0.20 points or 0.22% from its previous closing of Rs. 92.50 on the BSE.
The scrip opened at Rs. 94.00 and has touched a high and low of Rs. 94.00 and Rs. 92.50 respectively. So far 1,169 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 106.75 on 22-Oct-2012 and a 52 week low of Rs. 49.60 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 95.50 and Rs. 92.00 respectively. The current market cap of the company is Rs. 3,804 crore.
The promoters holding in the company stood at 80.30% while Institutions and Non-Institutions held 8.07% and 7.56% respectively.
Essar Ports, one of the largest private sector port companies in India and part of the $27 billion Essar Group, has commissioned its 16 million metric tons per annum (MMTPA) dry bulk terminal at Paradip, taking the aggregate handling capacity of the company to 104 MMTPA.
The project involved the up-gradation and mechanization of the existing 230m long CQ3 berth at Paradip with installation of a fully mechanized ship loading system with a capacity of 5,000 tons per hour. It is an all weather terminal with a capability to handle large size ships. The terminal is connected to the stockyard by a 9km long conveyor system having a capacity of 5,000 tons per hour. The stock yard has been equipped with 2 reclaimers with a capacity of 2500 tons per hour each.
Paradip Port Trust has granted a license to operate the terminal till 2020 with a provision to extend the license period by further five years. The terminal will handle iron ore pellets for its anchor customer Essar Steel which has commissioned a pellet plant of 6MMTPA and is in advanced stages of construction of the second unit of 6MMTPA taking the total Pelletization capacity to 12 MMTPA. The terminal would also be used by other users for the movement of their dry bulk cargos.
Besides, the terminal enjoys excellent road and rail connectivity. The nearest railhead is 4 kms from the terminal connecting through Rangiagarh and a 2 km 2-lane road connects the terminal to NH 5A.
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