Ambani said the Group's focus will be to become a leading manufacturer and supplier of advanced weapon platforms and military hardware to meet the requirements of the Navy, Indian Air Force and the Army and also mark the company's presence across the world.
The contract for the new frigates is likely to be in the form of a govt-to-govt order with Russia. The deal could be signed in this financial year and delivery is expected over the next 6-8 years.
Defence Ministry is looking into Mumbai-based Mazagon Dock Limited's decision to enter into Joint Venture contracts with private parties to construct warships.
Pipavav Defence and Offshore Engineering Company (Pipavav Shipyard) today reported a 10.7 per cent dip in net profit to Rs 8.40 crore for the quarter ended September 30.
Income tax sleuths today searched the premises of Nikhil Gandhi-promoted SKIL Group, which runs Pipavav Shipyard, in Mumbai and in the national capital for suspected tax evasion.
Private sector shipbuilder Pipavav Defence & Offshore Engineering (formerly Pipavav Shipyard) is betting big on exports to geographies like Latin America, Indonesia and Africa, a top executive said today.
Shares of Pipavav Defence and Offshore Engineering Company (formerly Pipavav Shipyard) surged by over 2% in morning trade on the bourses today after the company announced a foray into the aviation sector.
CNBC-TV18 reports that while the company is confident that the deal will be cleared, Pipavav is already getting into yet another deal. The shipyard has signed a pact with SKIL Infra and Airbus to facilitate aircraft repair operations.
Pipavav Shipyard touched an intraday high of Rs 79.80 and an intraday low of Rs 77.10. At 09:17 hrs the share was quoting at Rs 77.90, down Rs 3.50, or 4.30%. Defence Ministry has put Pipavav Shipyard-Mazagon Dockyard JV on hold, reports CNBC-TV18.
The Defence Ministry has put Pipavav Shipyard's proposed naval joint venture with Mazagon Dock (MDL) to build submarines and warships on hold after rivals cried foul.
Stay away from Pipavav Shipyard, says Gaurang Shah of Geojit BNP Paribas.
Last week, the New York Post carried an article beginning with the provocative line: Is Warren Buffett the Oracle or the consummate insider? The report has analysts on record asking whether Buffet knew of two key impending decisions—mass layoffs and executive firings—while investing USD 5 billion in the troubled Bank of America.
Kunal Saraogi of Equityrush feels that one should hold Pipavav Shipyard.
Pipavav Shipyard touched an intraday high of Rs 89.30 and an intraday low of Rs 85. At 09:18 hrs the share was quoting at Rs 86.50, down Rs 3.20, or 3.57%.
Pipavav Shipyard's proposed naval joint venture with Mazagon Dock (MDL) to build warships has its rivals crying foul.
Buy Pipavav Shipyard at lower levels, says Deven Choksey, MD, KR Choksey Securities.
Pipavav Shipyard may go upto Rs 93, says Rajendra Patel of Highsight Capital.
Hold HUL, Pipavav Shipyard, Arvind, says Rakesh Gandhi, Senior Tech Analyst at LKP.
Nikhil Gandhi, group chairman of SKIL Infra, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that the company is planning to raise funds through long-term debt to meet requirements.
Hold Pipavav Shipyard, says Ranak Merchant of Shushil Finance.
State-run Shipping Corp of India is in the process of conducting due diligence to buy a 10-15% stake in an Indian shipbuilder, but the process could take time, its Chairman said on Wednesday.
Gajendra Nagpal of Unicon Investment is of the view that one should invest in Pipavav Shipyard.
Pipavav Shipyard raised Rs 160 crore by issuing convertible warrants at Rs 78, reports CNBC-TV18. It touched an intraday high of Rs 80.70 and an intraday low of Rs 79. At 09:19 hrs the share was quoting at Rs 79.50, up Rs 2.20, or 2.85%.
Nutek India | Indian Oil | Dabur India | KSK Energy | Emami | NTPC | JP Associates | Cipla | Shree Renuka Sugar | ONGC | SAIL | HCC and Pipavav Shipyard are stocks, which are in the news today.
Pipavav Shipyard is going to consider issue of convertible warrants, reports CNBC-TV18. It touched an intraday high of Rs 78.80 and an intraday low of Rs 77. At 09:28 hrs the share was quoting at Rs 77.40, up Rs 0.85, or 1.11%.