Essar Shipping bags $25 mn contract; stock surges

Shares of Essar Shipping surged higher after it bagged contracts estimated around $ 25 million for two land rigs, one in Brunei and other in India.

The stock was at Rs 30, up 11.11 per cent, on the BSE. It touched a high of Rs 30.80 and low of Rs 26.15 in trade so far.