Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Outskill Genai
    HomeNewsBusinessCompaniesVarun Shipping gets contract from Brazil's Petrobras

    Varun Shipping gets contract from Brazil's Petrobras

    Varun Shipping Company has signed Rs 690 crore four year contract with Brazil state firm Petrobras to supply three anchor handling towing and supply vessels.

    May 18, 2011 / 15:18 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Moneycontrol Bureau


      Varun Shipping Company has signed Rs 690 crore four year contract with Brazil state firm Petrobras to supply three anchor handling towing and supply vessels.


      The company could get additional Rs 690 crore if the contract is extended for further four years.


      "The initial time charter contracts are for a firm period of four years with an extension option in favour of Petrobras for another four years," Varun Shipping said Wednesday.

      Varun Shipping shares surged 4.9% to Rs 28.10 in late afternoon trading on NSE.

      first published: May 18, 2011 03:11 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347