Bharati Shipyard bags Rs351-cr order from Shipping Corp

Bharati Shipyard bags Rs351-cr order from Shipping Corp

OTI

Mumbai: Shipbuilding company Bharati Shipyard said on 11 October it has bagged a Rs351-crore contract from Shipping Corporation for selling four supply vessels.

The contract would be signed on 15 October, the company informed the Bombay Stock Exchange.

The vessels would be constructed by Bharti Shipyard using Havyard design and would also be used as anchor handling tugs, it added.

The design would allow higher Dead Weight Tonne (DWT) and higher cargo carrying capacity compared to similar vessels.

Shares of the company were trading at Rs577.10, up 0.33%, in the morning trade on the BSE.

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