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Date: 14-08-2008

Bharati Shipyard Ltd., one of the leading private sector shipyard in India has announced that keel laying ceremony of the Self Elevating Jack Up Drill Rig was held at its Dabhol Shipyard on Friday 11th January, 2008.

Mr. P.C. Kapoor, Managing Director said “We are very happy to perform the Keel Laying ceremony for the 450 ft. Self Elevating Jack Up Drill Rig, being the first of its kind to be built in India. We are very glad that the ceremony is being performed jointly with officers from Great Offshore Ltd., the owners of the Rig. The Rig will be built at our Dabhol Shipyard. The construction of various parts of Rig is already in progress at our Dabhol Shipyard and the other yards. This fabrication is being carried out at various yards and the fabricated parts will be transported to Dabhol where the Rig will be erected. Dabhol has a very good natural draft of water which makes Rig construction easier and more efficient compared to our other yards.”
About Great Offshore Ltd.
Great offshore is India's prominent integrated offshore oilfield services provider offering a broad spectrum of services to upstream oil and gas producers to carry out offshore exploration and production (E&P) activities.

It owns a fleet of forty offshore assets, which include twenty-six offshore support vessels, eleven harbour tugs, two drilling rigs and one construction barge. It operates in four major business areas: Offshore Drilling Services, Offshore Logistics Support Services, Marine Construction Project Services and Port and Terminal Support Services.

About Bharati Shipyard

Bharati shipyard Limited, one of the leading private sector shipyard in India was established in the year 1976, promoted by Mr. P. C. Kapoor and Mr. Vijay Kumar, Naval Architects from IIT Kharagpur.

Bharati Shipyard currently operates four shipyards, which are strategically located at Ratnagiri, Ghodbunder – Thane, Kolkatta and Goa. The company is in the process of building green field shipyards at Dabhol and Mangalore with capacity to build vessels upto 100,000 DWT and 60,000 DWT respectively. The company is presently manufacturing various kinds of ships, including Offshore Supply Vessels (OSVs), multi-purpose support vessels, Anchor Handling Tug cum OSVs (AHTS), etc. required for oil exploration industry, Cargo/Container Ships, Tankers, etc. The company is also the first Indian company to have received order for construction of 450 ft. Self Elevating Jack-up Drill Rig.

The company has order book value of Rs. 4,600 crores and it reported a Turnover including subsidy and PAT of Rs. 421.84 crores and Rs. 73 crores respectively for the year ended 31st March, 2007.