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    Pipavav Defence bags order worth Rs 595cr from European client

    Pipavav Defence and Offshore Engineering Company bagged new order for specialised offshore vessels from the European client. The value of the order is worth Rs 595 crore with option to supply two more specialised offshore ships valued at Rs 1200 crore.

    May 22, 2013 / 10:59 IST

    Pipavav Defence and Offshore Engineering Company Ltd has informed BSE about the following:1. Pipavav Defence is very pleased to announce the new order for specialised offshore vessels from the European client.2. This is a significant development and it's offshore division is constantly increasing the clientele in the global market.3. The value of the order is worth Rs. 595 crore with option to supply two more specialised offshore ships valued at Rs. 1200 crore. Overall global market's need for similar specialised offshore ships is nearly USD 10 BN per year.4. Pipavav intends to increase its market share in the offshore segment substantially over the next four quarters.Source : BSE

    Read all announcements in Pipavav Defence

    first published: May 22, 2013 10:59 am

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