Great Eastern Shipping, Zuari Industries, Gujarat Alkalies and Chemicals

GREAT EASTERN SHIPPING Prudent Management Prudent risk management and an efficient fleet deployment policy have helped Great Eastern Shipping strengthen its position at a time when freight rates are under severe pressure due to the deceleration in world economic growth, OPEC production cuts and the cascading effect of subdued consumer and business confidence. Over the past two years, the company has been undergoing significant changes by shedding non-core businesses and consolidating the core business of shipping and allied activities by internal restructuring and external acquisitions. Most of the property development businesses run through Gesco Corporation have seen a change in ownership as separate business. In shipping, two rounds of buyback of equity shares have been completed to generate cash flows to fund growth in business. Following the buyback the promoter group has much better control over the ownership of the company than in the past.