Essar Shipping loss narrows to Rs 21 cr in June quarter

Essar Shipping on Wednesday reported narrowing of its consolidated loss to Rs 20.92 crore for the quarter ended June 30. The company had posted a consolidated "loss..after share of...loss of associate" of Rs 101.60 crore in the year-ago period, Essar Shipping said in a filing to the BSE.

The consolidated income from operations of Essar Shipping during the April-June quarter fell to Rs 350.22 crore, over Rs 359.53 crore in the year-ago period, the company said in a filing to the BSE. Essar Shipping is an integrated supply chain solution provider with investments in sea transportation and contract drilling services.