G E Shipping rises on contracting to buy Kamsarmax Dry Bulk Carrier
The Great Eastern Shipping Company is currently trading at Rs. 963.00, up by 1.75 points or 0.18% from its previous closing of Rs. 961.25 on the BSE.
The scrip opened at Rs. 964.95 and has touched a high and low of Rs. 964.95 and Rs. 951.00 respectively. So far 33 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1418.00 on 19-Aug-2024 and a 52 week low of Rs. 797.25 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 1007.65 and Rs. 947.70 respectively. The current market cap of the company is Rs. 13723.49 crore.
The promoters holding in the company stood at 30.07%, while Institutions and Non-Institutions held 39.74% and 30.18% respectively.
The Great Eastern Shipping Company (G E Shipping) has contracted to buy a Kamsarmax Dry Bulk Carrier of about 81,843 dwt on July 25, 2025. The 2015 built vessel is expected to join the company’s fleet by Q3 FY26.
The company’s current owned fleet stands at 38 vessels, comprising 26 tankers (5 crude carriers, 17 product tankers, 4 LPG carriers) and 12 dry bulk carriers aggregating 3.04 mn dwt. The company’s current capacity utilization is close to 100%. The proposed ship will be financed entirely from internal accruals. The purpose of the acquisition is modernization and expansion of the fleet. Post delivery of the vessel, the company will have 39 vessels aggregating 3.13 mn dwt.
Great Eastern Shipping Company is India's largest private sector shipping service provider enjoying a formidable presence in the international maritime industry.
