Great Eastern Shipping Expands Operations

18 Mar 2024 CW Team

The decision to venture into ship leasing aligns with GESCO's commitment to diversify its business portfolio and leverage emerging opportunities in the global shipping market. By establishing a presence in IFSC-GIFT City, GESCO aims to capitalise on the conducive regulatory environment and the robust infrastructure offered by the financial hub, fostering its growth trajectory.

Ship leasing presents a lucrative avenue for GESCO to broaden its revenue streams and optimise its asset utilisation. With the demand for shipping services on the rise, particularly in sectors like oil, gas, and commodities, the establishment of a dedicated leasing unit enables GESCO to cater to the evolving needs of its clientele effectively.

Moreover, operating within the IFSC framework provides GESCO with access to a diverse pool of investors, facilitating potential collaborations and investment opportunities. This strategic move not only strengthens GESCO's foothold in the maritime sector but also reinforces India's position as a prominent player in global shipping and finance.

GESCO's decision to venture into ship leasing underscores its proactive approach towards business expansion and innovation. By leveraging its expertise and industry reputation, GESCO is poised to capitalise on the growing demand for leased vessels, thereby enhancing its competitive edge in the maritime leasing market.

In conclusion, the approval to establish a ship leasing unit in IFSC-GIFT City represents a significant milestone for Great Eastern Shipping Company Limited. This strategic initiative not only underscores GESCO's commitment to diversification and growth but also positions the company as a key player in the global maritime leasing industry.

Great Eastern Shipping Company Limited (GESCO) has received approval from its board to establish a ship leasing unit in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City). This move marks a strategic expansion for the renowned shipping company, enabling it to enhance its leasing operations within the maritime industry. The decision to venture into ship leasing aligns with GESCO's commitment to diversify its business portfolio and leverage emerging opportunities in the global shipping market. By establishing a presence in IFSC-GIFT City, GESCO aims to capitalise on the conducive regulatory environment and the robust infrastructure offered by the financial hub, fostering its growth trajectory. Ship leasing presents a lucrative avenue for GESCO to broaden its revenue streams and optimise its asset utilisation. With the demand for shipping services on the rise, particularly in sectors like oil, gas, and commodities, the establishment of a dedicated leasing unit enables GESCO to cater to the evolving needs of its clientele effectively. Moreover, operating within the IFSC framework provides GESCO with access to a diverse pool of investors, facilitating potential collaborations and investment opportunities. This strategic move not only strengthens GESCO's foothold in the maritime sector but also reinforces India's position as a prominent player in global shipping and finance. GESCO's decision to venture into ship leasing underscores its proactive approach towards business expansion and innovation. By leveraging its expertise and industry reputation, GESCO is poised to capitalise on the growing demand for leased vessels, thereby enhancing its competitive edge in the maritime leasing market. In conclusion, the approval to establish a ship leasing unit in IFSC-GIFT City represents a significant milestone for Great Eastern Shipping Company Limited. This strategic initiative not only underscores GESCO's commitment to diversification and growth but also positions the company as a key player in the global maritime leasing industry.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..