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Western India Shipyard Wins Rs. 72 crore Order for INS Sujata Repairs

Discussion in 'Indian Navy' started by desiman, Oct 8, 2010.

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  1. desiman

    desiman Lieutenant ELITE MEMBER

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    Western India Shipyard Wins Rs. 72 crore Order for INS Sujata Repairs


    2010-10-06 Western India Shipyard Ltd (WISL), today said that it has secured a major order to repair a naval vessel (INS Sujata) for around Rs 72-crore with an option of increase in the value of the contract up to 15 per cent. The time-frame to complete the order is 11-months, the company said in a press release issued here.

    The current assignment is the largest-ever order bagged by WISL since its incorporation in 1992. WISL is also in an advanced stage of discussions with various large ship-owners such as Shipping Corporation of India, Dredging Corporation of India, Ambuja Cement, SIEM of Norway, Adani Shipping, Essar Shipping, Jindal Shipping, etc for entering into a long-term relationship, the release said.

    The company's Director & CEO, Subhash Mutreja, said that "following the restructuring, the repair facility is operational in full capacity. The existing order from the Defence Ministry, which also happens to be the largest order ever placed by the defence to a private ship repair facility augurs the confidence in our capability. We are in touch with several other players and expect to have a robust order-book in the coming months."
     
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