Great Eastern Shipping Company has delivered its 2005 built Medium Range product tanker �Jag Padma� to the buyers. The vessel was contracted for sale in October 2024. Post the delivery, the company`s current fleet stands at 39 vessels, comprising 26 tankers (5 crude carriers, 17 product tankers, 4 LPG carrier) and 13 dry bulk carriers (2 Capesize, 8 Kamsarmax, 3 Supramax) aggregating 3.10 Mn dwt. Powered by Capital Market - Live News

Great Eastern Shipping Company has delivered its 2005 built Suezmax Crude Tanker �Jag Lalit� to the buyers. The vessel was contracted for sale in September 2024.Excluding Jag Lalit, company`s current fleet stands at 40 vessels, comprising 27 tankers (5 Crude carriers, 18 Product carriers, 4 LPG carriers) and 13 dry bulk carriers (2 Capesize, 8 Kamsarmax, 3 Supramax) aggregating 3.15 Mn dwt.Additionally, the company has contracted to sell one MR product tanker in Oct 2024, which is due for delivery by H2 FY25. Powered by Capital Market - Live News

Great Eastern Shipping Company announced that the Board of Directors of the Company at its meeting held on 7 November 2024, inter alia, have recommended the interim dividend of Rs 7.2 per equity Share (i.e. 72%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Great Eastern Shipping Company declined 3.21% to Rs 575.57 crore in the quarter ended September 2024 as against Rs 594.66 crore during the previous quarter ended September 2023. Sales rose 10.20% to Rs 1354.40 crore in the quarter ended September 2024 as against Rs 1229.02 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1354.401229.02 10 OPM %48.2652.35 - PBDT815.26798.67 2 PBT609.75611.93 0 NP575.57594.66 -3 Powered by Capital Market - Live News

Great Eastern Shipping Company announced that due to his health condition, Mr. Tapas Icot has decided to step down as a Director of the Company w.e.f. close of business hours on 01 November 2024.Powered by Capital Market - Live News