Stock Report

G E Shipping takes delivery of a 2010 built Medium Range Product Tanker 'Jag Priya'



Posted On : 2024-04-12 19:25:41( TIMEZONE : IST )

G E Shipping takes delivery of a 2010 built Medium Range Product Tanker 'Jag Priya'

The Great Eastern Shipping Company Limited (G E Shipping) took delivery of a 2010 built Medium Range product tanker "Jag Priya" of about 49,999 dwt. The Company had contracted to buy the vessel in Q4 FY24.

Including this vessel, the Company's current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carriers) and 14 dry bulk carriers aggregating 3.41 mn dwt.

This vessel is financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 956.85 as compared to the previous close of Rs. 983.60. The total number of shares traded during the day was 18505 in over 1119 trades.

The stock hit an intraday high of Rs. 991.95 and intraday low of 953.30. The net turnover during the day was Rs. 17913320.00.

Source : Equity Bulls

Keywords

TheGreatEasternShippingCompany INE017A01032 GEShipping Delivery MediumRangeProductTanker JagPriya