Essar Shipping

Essar Shipping Limited is primarily engaged in fleet operating and chartering activities, operating on both international and coastal voyages. The company's core philosophy is to attain the highest level of transparency, accountability, and legal compliance in all facets of its business. It provides crucial management services for the operation and management of a semi-submersible rig to an overseas wholly-owned subsidiary. Furthermore, Essar Shipping also facilitates the construction of two under-construction jack-up rigs for an overseas associate company. To fulfill its support service agreements, the company hired additional employees, leading to an increase in its standalone Employee Benefit Expenses. For the 2024 fiscal year, the company's standalone net revenue from operations saw substantial growth, reaching ₹15.76 crore.;