Essar Shipping Ports & Logistics saw profit rise in the third quarter despite a weaker performance from its fleet.
The Mumbia-based owner also all-but admitted it was the buyer of a Blystad capesize reported in December.
Effective cost-cutting as well as a strong performance from its terminal and surface transport businesses edged net profit up from INR 218.5m ($4.8m) to INR 276.4m
