GE Shipping to scrap Greatship Rohini after it suffered damages from fire in February 2021

GE Shipping to scrap Greatship Rohini after it suffered damages from fire in February 2021

by 5paisa Research Team Last Updated: Dec 14, 2022 - 06:04 pm 35.1k Views
Listen icon

The Great Eastern Shipping Company shares rallied 2.6% in today’s trading session touching a high of Rs 326.75 as the company announces scrapping of its R-class Platform Supply vessel.

Greatship (India) Limited (GIL), a wholly-owned subsidiary of the Great Eastern Shipping has contracted to sell its 2010 built R-class Platform Supply Vessel “Greatship Rohini” for scrapping.

Greatship Rohini had suffered damage due to a fire incident onboard in February 2021. The vessel is expected to be delivered to the buyer in Q4 FY 22.

GIL and its subsidiary own and operates four PSVs, eight AHTSVs, two MPSSVs, five R-class Supply Vessels (including Greatship Rohini) and four Jack-up Rigs.

The Great Eastern Shipping Company Ltd. (GE Shipping) is India's largest private sector shipping service provider enjoying a formidable presence in the international maritime industry. The shipping business operates under two main businesses: dry bulk carriers and tankers.

The stock had lost 0.22% of its stock price on the bourses in last one month. When compared to the benchmark indices BSE Sensex tumbled 8.29% and Nifty50 lost 7.84% while sectoral index S&P BSE Small Cap of which G E Shipping is a constituent lost 12.9%. Great Eastern Shipping has logged a 52-week high and low of Rs 477 and Rs 265.05.

For the quarter ended on December 31, 2021, the shipping company has reported a strong set of results with net revenue up by 24.6% YoY basis at Rs 938.58 crore. The net profit for the said period stood at Rs 205.29 a growth of 16.42 per cent on YoY basis.

Today, GE Shipping is trading at Rs 322.45 apiece with an intra-day high and low of Rs 326.75 and Rs 320.75.


Also read: Top buzzing stock: Indraprastha Gas Ltd

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Net Avenue Technologies IPO lists 133.33% up but later hits -5% circuit

Strong listing for Net Avenue Technologies IPO, then lower circuit

What you must know about India Shelter Finance IPO?

India Shelter Finance Corporation Ltd was incorporated in 1998 and offers small and mid-ticket home loans. These loans are typically in the size of ₹5 lakhs to ₹50 lakhs. It provides home loans for construction, purchase, extension and also for renovation.

Tata Group Plans Massive iPhone Assembly Plant in India

Tata Group is gearing up to construct one of India's biggest iPhone assembly plants in Hosur, Tamil Nadu, aligning with Apple Inc.'s vision to expand its manufacturing footprint in the South Asian country.