Shahi Shipping Ltd Share Price

(526508)

Incorporated as Partnership Firm in 1985 Shahi Shipping Ltd was converted into a private limited company in 1990 and thereafter to a public limited company in Feb.93. The Company was promoted by Sarvesh Shahi F M Koli and Rajesh Shahi. The Company operates in the field of transportation of cargo and lighter age operation in the inland water limits of any port of India. The Company owns 13 vessels and are operating with various private and Government bodies. The size of the vessels ranges between DWT 150 tons to DWT 1500 tons.The Company is one of the leading owners of selfpropelled mini carriers on the West Coast of India and owns 14 carriers of which one is a foreign going vessel. The Company acquired and run a dry dock with two carriers of 30000 dwt each. It acquired newly constructed and fuelefficient three mini bulk carriers of 2450 dwt each which deployed along the coastal regions of India. The company through their division Shahi Containers has entered into a strategic alliance with Handling Systems Company Malaysia a leading shipping agency house. Shahi Containers plans to acquire 50000 containers by the end of the century and plans to buy two container vessels for carrying containers between India and east Asia.In 199596 the company added two more vessels each having a tonnage of 2450 dwt at a cost of Rs 3.39 cr and Rs 3.42 cr respectively. In 199697 it acquired M V Royal Yamuna at a cost of Rs 3.33 crores and two more vessels costing Rs 710 lakhs with financial assistance from IDBI it purchased two new fuel efficient modern vessels M V Vikrant I and M V Vikrant II in May 97 and Aug.97 costing Rs 325 lakhs which were financed by Industrial Investment Bank of India and it has also obtained loan of Rs 10 crores from State Bank of India for the purchase of two more vessels out of which Yard 51 Yard 55 are presently under construction. With these acqusitions the total fleet strength has risen to 27 vessels.The company setup operation of bunkering facilities at Haldia Dock Complex and also plans to acquire all weather sea going pilot launches.During the financial year 200102 the Companys operations covered several ports including Mumbai JNPT Goa Jamnagar Kandla. Kochi and Kolkata. It also extended barge operations between Kolkata and Mongia Port in Bangladesh.The name of the company was changed during May 2004 from Shahi Shipping Ltd to SKS Ship Ltd and again from SKS Ship Limited to SKS Logistics Limited in 200607.Two new Joint Venture companies with Inland Waterways Authority of India were incorporated i.e. Royal Logistics Ship Limited and SKS Waterways Limited during 200708..

Chairperson Name: S K Shahi