The Board also approved the transfer of leasehold rights in the Factory land admeasuring approximately 50 acres along with sale of machineries and spares situated at C1, MIDC, Satara – 415004, for which the company has received a No Objection Certificate from MIDC.
Great Eastern Shipping Company (G E Shipping) delivered its 2011 built Supramax dry bulk carrier “Jag Rishi” to the buyers. The vessel was contracted for sale in January 2025.
Excluding Jag Rishi, company's current fleet stands at 38 vessels, comprising 26 tankers (5 Crude carriers, 17 Product carriers, 4 LPG carriers) and 12 dry bulk carriers (2 Capesize, 8 Kamsarmax, 2 Supramax) aggregating 3.04 Mn dwt.