Private sector shipbuilder Pipavav Shipyard said it has bagged a contract worth USD 111.84 million from ONGC for construction and supply of 12 vessels.
Pipavav Shipyard in a filing to the Bombay Stock Exchange said that the company has bagged an order for the construction and supply of 12 offshore support vessels from ONGC.
The filing added that under the contract, ONGC has also reserved the right to place order for spares of up to USD 1.76 million for the OSVs.
(Sourced from http://www.steelguru.com/news/index/2009/10/22/MTE2OTgw/Pipavav_Shipyard_wins_USD_111.8_million_order.html)
Wednesday, October 21, 2009
Pipavav Shipyard wins USD 111.8 million order
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