Garware Offshore to receive Delivery of First Newly Constructed Platform Supply Vessel, "M.V. Kailash" in November

Garware Offshore Services Ltd has announced that the Company's Vessel, "M.V. Kailash" under construction at Norway, is proposed to be delivered on November 03, 2006.

On delivery, the Vessel will be deployed in the spot market in the North sea for a short period.

The Vessel is expected to return to India in December, 2006. The Vessel will be immediately deployed for a firm contract of 3 years with Transocean Offshore International Ventures Ltd. The value of the Contract will be approx. Rs 25 crores per annum.

Source : Equity Bulls

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