Bharati Shipyard receives order worth US$65.1 million

Bharati Shipyard Ltd has announced that Norwegian offshore shipping I Ltd of Norway has ordered 2 Nos. 150 tonnes bollard pull Anchor handling, tug and supply vessel with the Company. The Contract value of each vessel is US $ 32.5 million totaling to US $ 65.1 million (i.e. App. Rs 260 crores).

These orders are the largest order for the AHTSVs being placed in India by the European customers.

With the above orders, the Company's total order books stands at Rs 3,723.65 crores. It comprises of 41 vessels.

The stock was trading at Rs.472.35, up by Rs.6.05 or 1.30%. The stock hit an intraday high of Rs.487 and low of Rs.471.10. The total traded quantity was 29021 compared to 2 week average of 44023.

Source : Equity Bulls

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