Research on India_Automotive and Transport Sector in India_February 2012

Automotive and Transport Sector in India

Monthly Update

February 2012

Top Story ABG cracks deal with SCI ABG Shipyard has received an order for construction of six Bollard Pull AHTS Vessels. he order bagged by the concern from Shipping Corporation of India (SCI) is valued at TINR 5 bn. The deal marks an esteemed order in its list of orders and entails the concern to manufacture six 63 meter Twin Screw Diesel Engine driven 2,000 OWT 80T Bollard Pull AHTS Vessel. The price for this project amounts to around INR 5 bn and has a proposed schedule for delivery. The delivery time is slated to be from the 15th to 25th month from the date of signing the contract with a span of two months’ gap for each essel. This deal takes the total order book of the concern reach to the level of approx. vINR 166 bn. SCI is committed towards shipbuilding in the country and has selected ABG Shipyard, which is considered to be one of the premium shipyards, to build the vessels. The shipyard was selected through rigorous tendering process which was restricted only o Indian shipyards. The vessels that have been ordered will provide necessary ervices, support, and work towards the growth of the Indian offshore industry. ts News Update

General Essar Ports likely to develop port for Mozambique Essar Ports, led by the Ruias, is in talks with the Mozambique administration to develop a port. This is a concession agreement between the two authorities and the project is slated to begin in the next six months.

Essar Ports are in the process of discussion and is expecting to have a clear idea about size and investment of the project within the next six months. Though nothing has been finalized in terms of the amount of investment, yet it is pondering over building a 30-40 mn tons port in Mozambique. This port, which is said to be handling iron ore for one of its affiliates and coal for third party consumers, also marks the Essar’s first ever overseas project.

Shreyas Shipping announces segregation of its business Shreyas Shipping and Logistics Ltd. have announced segregation of its businesses into two arms of shipping and logistics. This announcement comes as a result of the meeting of its Board of Directors.

Automotive and Transport – Monthly Update

The entire exercise is processed to enable its wholly owned subsidiary, Shreyas Relay Systems Ltd., to grow as an individual entity. The company would be having its individual mode of operations in the logistics sector. The aforementioned exercise will be processed through an exercise of demerger of the two companies.

Freight rates likely to increase in container lines A host of container lines in the Asia‐Europe trade which also cover the Indian subcontinent has announced hike in freight charges. While some have already implemented the changes some others are yet to follow suit.

Denmark’s Maersk Line has opted for a hike of around INR 38,000 per TEU on the Asia‐Europe route which is slated to be effective from 1st of March. World’s 9th largest carrier, South Korea’s Hanjin Shipping, plans a rate restoration plan across various services in the Asia‐Europe trade also effective from 1st March. Some other names in this list include Singapore’s APL, CMA GGM, Hapag‐Lloyd, Zim and Shipping Corporation of India. At places, a currency adjustment factor charge will be set at 10.19% of ocean freight and bunker adjustment factor will also come into play.

Portunus and Pipavav Port strike deal Turkey‐based Portunus Port Spares & Services has inked a deal with APM Terminals Pipavav Port for refurbishment of quay cranes. The agreement deals with refurbishment of their existing n.3 ship to share gantry cranes in Pipavav Port.

Portunus is slated to work on trolley systems for this project. Replacement of all rails and wheels are supposed to be taking place. Further, the operator cabin is also to be replaced with new and ergonomic design. The cranes in Pipavav Port are 27 years old and demand sound inspection. Portunus is looking at finalizing the job within 5 months’ time and will also use local manpower.

INR 700 mn logistics park gets a goahead from Single Window The State Level Single Window Clearance Authority has approved the development of logistics park at Kalinga Nagar steel hub. This project was proposed by Container aCorporation of India (Concor). The logistics park is slated to span across an area of 30 acres in the industrial region with a capital outlay of INR 700 mn. With provisions to offer multi‐modal transport solutions for existing and upcoming steel industries in the cluster, the project is slated to be commissioned within 3 years of land acquisition. The facilities that will be provided range from two full length railway lines, paved surface for handling containers, warehousing for domestic and export cargo, bulk and break‐bulk facility to modern container and bulk handling equipment. Concor is also looking at setting up multi‐modal logistic parks at other places including Angul and Jharsuguda in Orissa.


Gefco enters into a brand tieup with Uniworld Gefco, the INR 247 bn subsidiary of PSA Peugeot Citroen has entered into a brand tie‐up with Uniworld Logistics. Gefco which deals with automotive logistics has trategically entered into this agreement to provide inbound logistics services to car smanufacturers. The concept of inbound logistics refers to supplying of components to automobile manufacturers for a just‐in‐time delivery. Thus, the conglomerate of Gefco and Uniworld will serve to customers including original equipment manufacturers (OEM) of car concerns and suppliers of OEM along with spare‐parts companies involved in after‐sales service. The joint venture will have individual functions catered to by the two units. While Gefco will pour in the technical expertise and IT platforms it has in the segment, Uniworld will focus on providing warehouses, people and operations. ogether they will focus on creating a single brand that will do inbound logistics on he Asia‐Europe route. Tt Cold chain development centre gets approval from the Indian Government The Indian Government has given its approval for the setting up of cold chain development centre chiefly for the purpose of promoting cold chains. This national entre has received an allocation of a one‐time grant of INR 250 mn for its corpus cfund from the Government. The centre will be known as National Centre for Cold Chain Development (NCCD) and registered under the Societies Registration Act, 1860 with its Memorandum of Association and Rules and Registration as approved by the Union Cabinet. It will be operated by a governing council of 22 members under the chairmanship of the secretary. The group of members will comprise people across this industry including overnment officials, representatives from industry bodies such as CII, FICCI as also takeholders namely growers, cold chain equipment manufacturers. gs Essar puts its entire fleet on charter contracts uia’s led Essar Shipping has decided to pull back its two very large crude carriers R(VLCCs) from the spot market and deploy them on long term charter contracts. This marks the company’s entire fleet of 25 vessels in the long term market to bring in more returns and avoid the vulnerable spot market. While the VLCC garner between INR 265,000 and INR 530,000 per day in the spot market, the same would be bringing in around INR 1,113,000 a day in today’s rates if they are deployed on a charter basis. One of the VLCCs is on a one‐year contract and the other has been booked for 3‐4 onths. The company is also looking at placing its newly acquired vessels on long erm contracts. mt


Government considers investing in cold chain The Union Agriculture Ministry has zoomed on investing in cold chain development for fruits in the forthcoming financial year. This comes in the wake of the wastage of round 25% of the total vegetables and fruits produced in India due to lack of proper ainfrastructure. The ministry has collaborated with Fresh and Healthy Enterprises, the wholly‐owned subsidiary of government‐owned Container Corporation of India. Together, they are looking at developing a special purpose vehicle which will provide end‐to‐end cooling logistics for fruits such as kinnow, orange, banana and mango. The investment would be in the likes of INR 700 mn to INR 1 bn in which the government’s stake would vary etween 40‐55%. This goes in line with the government’s approval of setting up of ational centre for cold chain development in the country. bn Indian shipowners demand declared goods status for bunker fuel Following the aviation sector, Indian ship‐owners ask for declared goods status for unker fuel they use. They want similar enjoyment of such status primarily to support bcoastal shipping. Aviation turbine fuel or jet fuel consumed by scheduled airlines with a maximum take off weight of less than 40,000 kg enjoys the status of “declared goods”. Such a status in the shipping sector will ensure a uniform tax rate across states with maximum rate not exceeding 4‐5%. Presently, the bunker rates vary from 5‐14% in most of the states. While Indian National Ship‐owners Association is seeking lower tax rates for unker fuel, other stakeholders are asking for relaxation of tax for bunker fuel for oreign ships. bf Unisys meets Shipping Ministry on issue of port security Unisys Corporation of US is in talks with the Shipping Ministry of India to provide ecurity solutions to domestic ports. The hi‐tech security solution will allow ports to savoid traffic congestion, piracy threats and other mid‐sea crisis. Unisys will be focusing on vessel traffic management system (VTMS) at Indian ports in addition to providing other solutions. The deal is expected to be signed within March 2012. They are currently holding discussions with top officials in the Shipping Ministry and have delineated a port‐security roadmap catering to threats and equirements in India. Experts from Unisys had already visited most of the major orts in November 2011 in order to create a platform in India. rp Essar Group looks at buying new vessels ssar Group has invested around INR 53 bn to acquire ships and jack‐up rigs. This omes in the wake of doubtful sentiments in international shipping. Ec


The group has mentioned that they are not looking at this investment from the perspective of tenure of 12‐24 months but from the context of the next 20‐25 years. They have zeroed in on ships that can run for so long a period as specified. The concern has invested around INR 290 bn to acquire 12 ships; delivery of Supramax ships is to be initiated in the second half on 2012 while two jack‐up rigs worth around INR 235 bn are being developed by ABG Shipyard. Out of this total investment, around 75% of the funding is processed through debt and the rest via equity. The objective is to bring ships in the Hazira where the company has developed a completely new hannel. Essar Shipping presently has a total of 25 ships with a total dead weight onnage of 1.8 mn. ct Blue Dart adds ‘Customer and Brand Loyalty’ award in its cap Blue Dart Express Ltd. has won the ‘Customer and Brand Loyalty’ award in the ategory of Logistics Sector ‐ Domestic Express at the 5c th Loyalty Awards. The award ceremony took place at Intercontinental The Lalit in Mumbai on the 1st The award marks the concern winning this award for the second time in a row. Amongst a host of national and international players, Blue Dart won this prestigious accolade for the second time. This definitely highlights the effort in raising the bar of operational efficiency. The Loyalty Awards got conceived and decided after a consumer research was undertaken in 5 cities in India. An agency is appointed for the research of the awards nominees and winners wherein Blue dart received the award or its consistency in delivering good quality service to its customers for over 28 ears.

of Feb 2012.

fy ‘Road Transporter of the Year’ recognition goes to TCI India’s leading name in integrated logistics and supply chain solutions provider, Transport Corporation of India (TCI) bagged the prestigious ‘Road Transporter of the ear’ award at the Indian Supply Chain & Logistics Excellence Awards 2012. The Yevent took place on the 8th of Feb this year. The award predominantly recognized the concern’s operational and management excellence. It looked at the size of owned and managed fleet, size and reach of its network, usage of technology for managing its functions along with customer service. TCI has a fleet of 7,500 trucks running on road every day which include 1,400 of their own trucks and contributes towards moving 2.5% of India’s GDP by value. Four Soft bags “Award for Talent Management” Four Soft, a global leader in providing software solutions to logistics and ransportation industry, bagged the “Award for Talent Management” at the 6th t


Employer Branding Awards 2012 at Taj Lands End in Mumbai this Feb 2012. The award ceremony was hosted by the Employer Branding Institute in collaboration with the Industry group and the World HRD Congress. The list of attendees includes

CEOs, Corporate Managers, Executive Directors, Country Managers and HR Heads of different organizations from across India. The award recognizes the company’s efforts in implementing innovative ideas in HR practices. It is said to set a standard on mployee engagement activities that HR processes through collaboration with anagement on 3P’s namely People, Processes and Performance.

eM News Update

Expansion Plans Vizag to get its third port soon Visakhapatnam has emerged as the probable location for the major port after zeroing in on three locations in Andhra Pradesh. Nakkapalli in Vizag district, Ramayapatnam n Prakasam district and another place in Nellore district were taken into iconsideration at the time of scouting for locations for the development of the port. A group of experts have already gone for reconnoitre and a final decision is likely to be taken soon. Nakkapalli has the highest probability of being chosen and this would mark the total count of ports in Vizag district to be 3 apart from Visakhapatnam and Gangavaram. In addition to it, certain news is doing the rounds regarding Machilipatnam port being awarded to a consortium of NEC and NCC groups. Further, the State Government is also looking at initiating steps to develop Kalingapatnam and Bhavanapadu as well wherein some concerns namely Nuzvidu Seeds, Gangaram Port and Essar have shown interest in taking up the projects. Vallarpadam set for expansion After receiving approval for setting up of a container freight station (CFS) near the nternational Container Transshipment Terminal (ICTT), Vallarpadam Island is all set Ito be booming with logistics activities in the coming period. It has received its second approval from the Union Government for the development of another CFS. This project is being developed by the state‐owned Infrastructure Kerala Ltd. and MIV Logistics Pvt. Ltd. The island, where the first international container transshipment in the country is located, is planning to establish 4 CFS’s in the next few months. In line with the aim of developing Vallarpadam as a major logistics hub, the Cochin Port Trust has allocated 54 acres of land for this purpose. As for the CFS that is being developed by the conglomerate of Infrastructure Kerala and IV Logistics, it is coming up on 18.5 acres of land and located on the left of the road eading to Vallarpadam Church. Ml


Essar Ports aiming to capture 10% market share Essar Ports promoted by the Ruia Group is looking at increasing its hold in the market o 10% in terms of capacity and cargo handling. It is aiming to achieve this by 2013‐t14 at a capital outlay of INR 26 bn. Presently, it is holding a market share of 8% in terms of capacity and 6% in terms of cargo handling. In order to achieve the 10% share aim, it is planning to invest INR 93 bn on expansion plans. The company has already invested INR 67 bn in capacity augmentation from 88 MT to 158 MT by Mar 2014. Going in this line, it has plans to invest INR 26 bn in the next 2 years. The capacity enhancement plan deals with a development of a coal terminal at Paradip in Odisha at an outlay of INR 6 bn by 2014. Additionally, it also aims at setting up a new port at Salaya in Gujarat. The ports are under construction and the concern operates through two ports Hazira and Vadinar in Gujarat. It is eyeing on the container wing also and is expecting 20% of its total cargo to source from Hazira terminal for third party cargo handling facility. Amazon gets green signal for setting courier service Amazon has received an approval from the Foreign Investment Promotion Board FIPB) to set up a wholly‐owned subsidiary in India. This subsidiary would look into (business of online market place operator and retailer. The approval enables Amazon to source foreign investment up to INR 150 mn to help in setting up its own courier service. This comes in the wake of the development of its first fulfillment centre in Mumbai. Amazon had already made an entry into the country with Junglee.com which is positioned as an “Advertising service”. The nod rom the FIPB in developing a courier service can streamline its way towards setting p its own logistics operations for retailers who are associated with Junglee.com. fu Essar announces berthing of minicape bulk carrier Essar Shipping Ltd. has announced its plans of berthing of MV Kamlesh at Hazira Port ear Surat in Gujarat. This is a first‐of‐its‐kind mini‐cape bulk carrier that Essar will nbe inducting into its fleet. This exercise would mark the total tonnage of the concern to enhance to 2.6 mt from an earlier 1.71 mt thereby leveraging Essar in the top two private sector shipping companies. In line with its strategy of bolstering its bulk carrier fleet with modern vessels, Essar has also developed a new segment of 105,000 dead weight tonnage. The vessels are made abiding by the standards of the American Bureau of Shipping in order to carry flexible quantities of coal and iron ore parcels. It will be aided with uturistic designs conforming to the stringent IMO regulations and equipped to cater o global trading requirements. ft


Adani Group will invest to develop 3 businesses Adani Group, the ports‐to‐power major, is looking at investing around INR 300 bn ith the purpose of developing 3 business activities. The 3 segments comprise w

resources, logistics and energy. The resources business spans across coal mines and trading presently and is said to include oil and gas in the future. A large amount of investment would be streamlined into its new Australian coal mining exploration which is expected to produce up to 60 mn tonnes per year from 2015. Further, it is also considering acquisition of BG Group Plc’s 65% stake in the western gas distribution concern that focuses on India. The investment is said to be sourced through a mix of internal accruals, equity infusion and debt. The group has chalked out an ambitious plan that states a five‐fold increase n Adani Power Ltd’s generation capacity from 4,000 MW to 20,000 MW, handling 200 T cargo in its Mundra Port and supplying 200 mt of imported coal.

iM News Update Financials Gati opting for CDR Gati Ltd., the logistics concern is looking at restructuring debt valued over INR 3 bn in a corporate debt restructuring (CDR) process. This exercise is being guided by debt resolution firm Brescon Corporate Advisors.

However, a representative from Gati has denied any such activity taking place in the company. It has been reinforced by the spokesperson that Gati has a strong balance sheet and adequate resources to cater to its liabilities as and when they are due. This comes following the firm’s earlier announcement of restructuring plan detailing capital infusion as also inviting strategic partner to augment the business towards prosperity. In December 2011, it had raised INR 1.17 bn through issue of foreign exchange convertible bonds (FCCB) in order to refinance its existing FCCBs.

Bharati Shipyard announces restructuring of its debt Bharati Shipyard Ltd. has agreed to restructure debt of INR 28.54 bn which constitutes a part of its total debt. The concern has decided upon restructuring the working capital debt of INR 28.54 bn out of the total debt of INR 32.5 bn.

The concern’s debt had piled up following the takeover of the Mumbai‐based offshore service company, Great Offshore, two years ago. The lenders, led by the State Bank of India, had earlier referred the case to the Corporate Debt Restructuring cell. Bharati Shipyard is of opinion that the restructuring will enable them to optimize costs and resources in future. It has an INR 68 bn worth “order book visibility” to be executed


by 2014 and is on the verge of completion of two greenfield shipyards at Dabhol and Mangalore. Though the shipping market is facing turbulent times presently, Bharati Shipyard is optimistic about succeeding in overcoming the challenges.

Gati to sell stakes to Bernhard Schulte Gati Ltd. is pondering over selling its stake to German ship management company ernhard Schulte. The company is looking at this exercise to raise cash to get over its Bfinancial crisis. Bernhard Schulte is slated to pick up significant stakes in Gati’s de‐merged shipping business Gati Ships. This would help it to charter container vessels to take advantage from the growing cargo trade surfacing out of India. On the other hand, Gati has been scouting for a strategic partner of a global scale that will foster its restructuring of the shipping business with a new direction. While loss making concern Gati owns and perates 4 container vessels, Bernhard Schulte manages a fleet size of more than 650 essels operating across 25 countries. ov Aegis Logistics looks at doubling Pipavav Port investment Aegis Logistics, a gas and liquid fuel logistics concern has plans to increase its proposed investment in Gujarat Pipavav Port. The company had delineated an nvestment of INR 4 bn in 2010 which it plans to enhance to INR 10 bn after raveling ithe huge potential in the port. The investment entails setting up of a tankage facility at the port that would span across a period of 3‐4 years. Capital expenditure by Aegis for the year 2013 would be segregated in likes of INR 650 mn at Haldia and INR 1.25 bn at Pipavav for liquid facilities and another INR 250 mn for LPG facilities. The second part of their capex would be devoted to Phase II and III of Pipavav for its LPG facilities. In 2010, it had announced the development of a 600,000 kilolitre (kl) oil terminal complex at an investment of INR 4 bn. It had entered into a sublease deal with the operator of the port, APM Terminals Pipavav, to set up a global oil and petrochemical storage complex across 100 acre of land. This 100 acre storage complex combined with otential of bigger ships calling at Pipavav port due to deeper draft poses with pportunities to enhance tankage facility for Aegis. po Caymanbased PE concern to fund buyout of Deccan 360 Cayman Islands‐based private equity fund has chalked out a deal for the exercise of cquisition of Deccan 360. Redclays Capital has offered to help raise funds for the bail a


out of the ailing air cargo operator. The amount to be raised is worth INR 2.5 bn for the aviation services company Deccan Charters and buy Deccan 360 for amount varying between INR 1 bn and INR 2.65 mn. This amount would be raised through a syndicate of wealthy individuals, private placements and family trusts. Finalizing of this transaction would doom a fire sale by

Gopinath, the founder of Deccan 360 and Mukesh Ambani led Reliance Industries as they are the main shareholders in this freight and logistics concern. If Redclays picks p a majority stake in Deccan 360, then these shareholders will have to sell off their takes. us Industry Expert Speak Indian shipowners demand declared goods status for bunker fuel – Anil Devli, Chief Executive Officer, Indian National Shipowners Association (INSA) “Bunker fuel used by the Indian flag vessels for coastal transportation should be given eclared goods status, similar to status presently granted to jet fuel sold to aircraft perated by scheduled airlines,” do Transactions (December 2011 – February 2012)

Date Buyer Target Deal Size (INR mn) % stake Deal Status

Type of Transaction

2 4th Feb2012

Macquarie Bank ABG Shipyard 124.12 0.57% Completed Buy

1 3th Feb2012

Kintetsu Express Gati Ltd. 2,670 30 Expected Buy

9th Jan 2012 General Atlantic

Fourcee Infrastructure Equipments

6,675 NA Expected Investment

2 c 3rd De2011

SBS Group Atlas Logistics NA 80 Completed Acquisition

1 c 3th De2011

India Equity Partners TNT Express NA NA Expected Acquisition

1 c 2th De2011

Future Supply Chains Solutions

Transmart India NA NA Completed Acquisition


Annual Financial Results – Revenue (INR mn)

Companies FY ‘08 FY ‘09 FY ‘10 FY ‘11

ABC India Ltd. 1,400.2 1,585.7 1,466.1 2,059.1

ABG Shipyard Ltd. 9,668.4 14,130.0 18,124.4 21,369.0

Allcargo Logistics Ltd. 2 3,140.8 2 0,609.3 2 8,613.4 NA

Aqua Logistics Ltd. 1,089.9 2,134.0 3,220.1 3,808.8

Arshiya International Ltd. 4,011.6 5,033.8 5,258.9 8,215.2

Bharati Shipyard Ltd. 7,048.5 1 0,199.0 13,480.0 16,090.0

Blue Dart Express Ltd. 9,766.6 9,075.4 1 1,499.0 NA

Brahmanand Himghar Ltd. 71.022 66.455 48.855 NA

Chartered Logistics Ltd. 1,058.69 1,356.95 1,235.43 1 ,841.89

Chowgule Steamships Ltd. 1,927.88 2,376.32 910.927 709.85

Container Corporation of India Ltd.

33,644.8 34,524.0 37,306.0 38,924.7

Essar Ports Ltd. 18,424.2 25,830.8 3 0,077.7 13,919.3

Four Soft Ltd. 1 ,715.33 1 ,945.93 1,329.6 1,219.06

Gateway Distriparks Ltd. 2,723.3 4,520.0 5,180.4 6,012.7

Gati Ltd. 7,168.4 7,904.1 9,261.1 12,094.4

Global Offshore Services Ltd. 943.37 1,632.25 2,124.12 1,968.17

Great Eastern Shipping Company Ltd. 3 6,154.0 4 1,239.3 3 0,755.1 25,850.3

Gujarat Pipavav Port Ltd. 1,673.2 2,207.1 2,839.3 NA


Mercator Ltd. 14,768.5 22,105.1 18,087.3 28,316.8

Seamec Ltd. NA 2685.86 * 3,247.21 1,023.76

Shreyas Shipping and Logistics Ltd. 2,901.16 2 ,840.61 1 ,539.87 1,886.91

Sical Logistics Ltd. 7,129.1 6,745.5 7,220.1 NA

SKS Logistics Ltd. 459.34 328.291 294.24 442.25

The Shipping Corporation of India Ltd. 37,446.8 41,843.5 34,935.3 35,671.4

Transport Corporation of India Ltd. 1 2,428.2 1 3,512.6 1 5,225.1 1 8,530.2

Varun Shipping Co. Ltd. 9,451.9 9,146.6 6,852.3 4,946.7

*Change in financial year Annual Financial Results – Income (INR mn)

Companies F Y ‘08 F Y ‘09 FY ‘10 F Y ‘11

ABC India Ltd. 14.9 43.3 8.0 54.9

ABG Shipyard Ltd. 1,606.8 1,711.6 2,181.2 2,047.1

Allcargo Logistics Ltd. 1,077.0 1,299.5 1,659.2 NA

Aqua Logistics Ltd. 56.3 111.5 205.4 223.9

Arshiya International Ltd. 453.8 656.2 983.1 820.1

Bharati Shipyard Ltd. 1,076.5 1,334.8 1,303.5 1,043.8

Blue Dart Express Ltd. 779.6 611.9 947.0 NA

Brahmanand Himghar Ltd. 6.44 0.68 0.68 NA

Chartered Logistics Ltd. 19.52 15.85 40.26 78.21


Chowgule Steamships Ltd. 1,659.98 1,175.67 766.64 276.93

Container Corporation of India Ltd. 7,340.7 7,791.5 7,776.3 8,763.7

Essar Ports Ltd. 2,774.1 772.0 937.7 362.9

Four Soft Ltd. 50.485 447.25 76.65 30.942

Gateway Distriparks Ltd. 735.6 795.8 791.4 967.5

Gati Ltd. 197.8 (186.6) 95.0 141.0

Global Offshore Services Ltd. 371.55 411.49 412.2 222.24

Great Eastern Shipping Company Ltd. 14,533.5 14,178.3 5,127.6 4,687.0

Gujarat Pipavav Port Ltd. (676.0) (1,163.9) (547.2) NA

Mercator Ltd. 3,276.6 3,764.5 532.4 940.0

Seamec Ltd. NA 471.213 * 1,419.55 (671.66)

Shreyas Shipping and Logistics Ltd. 69.316 55.86 (157.05) 127.77

Sical Logistics Ltd. 502.1 180.1 (356.3) NA

SKS Logistics Ltd. 26.08 0.77 (81.87) 32.65

The Shipping Corporation of India Ltd. 8,139.0 9,406.7 3,769.1 5,673.5

Transport Corporation of India Ltd. 329.1 332.6 412.7 501.3

Varun Shipping Co. Ltd. 2,275.2 1,240.3 (1,528.8) 147.5

*Change in financial year


Quarterly Financial Results – Revenue (INR mn)

Companies JanMar 2011

AprJun 2 011

JulSep 2011

OctDec 2 011

ABC India Ltd. 678.4 N.A. 623.2 N.A.

Allcargo Logistics Ltd. 7,315.1 8,540.6 8,115.9 9,983.1

Aqua Logistics Ltd. (150.3) 1,107.5 921.7 762.5

Arshiya International Ltd. 2,370.6 2,226.0 2,453.9 2,688.9

Bharati Shipyard Ltd. N.A. 4 ,397.2 N.A. 3,249.6

Brahmanand Himghar Ltd. 12.717 9.75 N.A. N.A.

Chartered Logistics Ltd. 531.429 530.177 575.211 N.A.

Chowgule Steamships Ltd. N.A. N.A. 60.7 N.A.

Container Corporation of India Ltd. 9,788.6 9,490.3 N.A. 10 5 ,462.

Essar Ports Ltd. ( 9,710.9) 2,745.8 9,816.5 88.6

Four Soft Limited 32 5 6.82 299.865 3 05.217 329.297

Gateway Distriparks Ltd N.A. 1,873.2 1,922.9 1,983.2

Gati Ltd. N.A. N.A. N.A. 2,360.9

Global Offshore Services Ltd. 484.624 N.A. 529.25 620.933

Great Eastern Shipping Company Ltd. 7,537.3 6,818.2 6,787.6 4,259.0

Gujarat Pipavav Port Ltd. 755.4 939.9 924.8 1,041.8

Mercator Ltd. 7,830.1 7,992.0 7,811.6 1,501.6

Seamec Ltd. 280.059 460.4 N.A. 308.3


Shreyas Shipping and Logistics Ltd. 8,888.5 9,293.6 9,068.4 9,670.1

Sical Logistics Ltd. 492.3 462.9 671.4 770.5

SKS Logistics Ltd. 2,293.1 2,049.2 1,963.2 1,799.7

The Shipping Corporation of India Ltd. 87.108 61.31 N.A. N.A.

Transport Corporation of India Ltd. N.A. 4 ,159.1 N.A. 4 ,643.7

Varun Shipping Co. Ltd. N.A. 831.6 725.1 789.6

Quarterly Financial Results – Income (INR mn)

Companies F Y ‘08 F Y ‘09 FY ‘10 F Y ‘11

ABC India Ltd. 16.6 N.A. 2.4 N.A.

Allcargo Logistics Ltd. 499.3 664.3 559.0 506.2

Aqua Logistics Ltd. (28.5) 42.0 60.7 8.3

Arshiya International Ltd. 273.3 236.3 318.5 344.5

Bharati Shipyard Ltd. N.A. 173.1 N.A. 16.2

Brahmanand Himghar Ltd. (0.381) (2.37) N.A. N.A.

Chartered Logistics Ltd. 1 .833 30.403 40.41 N.A.

Chowgule Steamships Ltd. N.A. N.A. 8.2 N.A.

Container Corporation of India Ltd. 1,717.6 2,341.5 N.A. 2 ,412.3

Essar Ports Ltd. (418.3) 396.1 (1,064.4) (0.1)

Four Soft Ltd. (13.036) 16.166 6.944 27.856


Gateway Distriparks Ltd. N.A. 333.6 335.5 331.0

Gati Ltd. N.A. N.A. N.A. 52.6

Global Offshore Services Ltd. (28.34) N.A. 56.845 109.058

Great Eastern Shipping Company Ltd. 107.8 1,625.9 273.1 287.1

Gujarat Pipavav Port Limited 59.8 109.0 132.2 270.0

Mercator Ltd. (207.8) 147.3 66.8 (192.5)

Seamec Ltd. (252.862) 86.3 N.A. (272.4)

Shreyas Shipping and Logistics Ltd. (61.7) (58.6) (1,406.0) 741.0

Sical Logistics Ltd. 17.6 (10.7) 1.6 2.7

SKS Logistics Ltd. (197.3) 20.8 41.0 25.8

The Shipping Corporation of India Ltd.

2.486 3.99 N.A. N.A.

Transport Corporation of India Ltd. N.A. 134.4 N.A. 135.0

Varun Shipping Co. Ltd. N.A. (352.5) 1,004.0 825.0

Events Calendar

BHP2012 Date: 29th – 31st March 2012

ntionhtra

and Exhibition Centre Venue: Bombay Conve

bai, MaharasCity: MumOrganizer: Exim India Website: http://www.eximin.net/NewsDetails.aspx?name=67995


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Research on India_Automotive and Transport Sector in India_February 2012

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