Datum Electronics
Commercial Marine Shaft Power Meters
Buoyed by a Rs940m ($20m) annual profit, Essar Shipping Ports & Logistics is planning to invest Rs48.75bn ($105m) in expansion plans in 2010. The Indian shipping firm will invest in port development, shipping and drilling operations, according to commodityonline.com. The compa
Buoyed by a Rs940m ($20m) annual profit, Essar Shipping Ports & Logistics is planning to invest Rs48.75bn ($105m) in expansion plans in 2010.
The Indian shipping firm will invest in port development, shipping and drilling operations, according to commodityonline.com.
The company said it will raise 70% of the proposed expansion through debt and the remaining 30% through equity.
Essar has approved raising Rs23.5bn ($506m) through equity investment, including foreign currency convertible bonds, depository receipts and ADR.
The company reported a 16% rise in its revenue for the financial year ending 31 March compared to the previous year.
Commercial Marine Shaft Power Meters
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