Date: 16-06-2007

Bharati Shipyard Limited, one of the leading Private Sector Shipyard, has signed a contract with GREAT OFFSHORE LTD for construction and supply of One Multipurpose Offshore Support Vessel. The Contract value of the vessel is US $64.80 million (i.e. App. Rs. 266.32 crore).

The vessel has a diesel electric propulsion system with 5 generators of a total power of 10500 KW (14000HP). The vessel has all the equipment to support ROV / Diving / Sub sea operations. The power would be used to drive two Azimuth frequency controlled thrusters of 6600 KW and two retractable frequency controlled thrusters of 3000 KW.

The vessel also has dynamic positioning system and integrated power management system with full redundancy for DP2 operation.

The vessel is equipped with a very sophisticated electro hydraulic knuckle
boom crane which is active heave compensated and is suitable for depths up to 3000 m and lifting capacity up to 150T. 

Among other features, the vessel has a helipad and Anchor handling cum towing winch of 300T.

This is the first time that such a Sophisticated and technologically advanced Multipurpose Offshore Support Vessel is being made in India.

The above contract is in lieu of contract dated 24-3-2006 for One Multipurpose Offshore Support Vessel valued at US$ 17.44 million (i.e. App. 77.51 crore) ordered by Great Offshore Limited on BSL. 

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.

Date: 11/06/2007: Bharati Shipyards bags Rs 260 cr order to build two 150-tonnes bollard pull AHTSV

*Total order book stand at Rs. 3,723.65 crores, comprising of  41 vessels

Bharati Shipyards Limited, one of the leading Private Sector Shipyards, has bagged the largest order for AHTSVs, being placed in India, by any European company. Norwegian Offshore Shipping I Ltd., of Norway has chosen Bharati Shipyards to place their order for 2 Nos. AHTSV at a contract value of $65.1 million (i.e. App. Rs. 260 crores).

The AHTSVs function as a support and Supply Vessel in Rig operations as also help in anchor handling facilities to position the rig appropriately. The normal tonnage ordered is between 80 T to 120 T.

Mr. P. C. Kapoor, Managing Director, BSL said: “The order reflects our unique expertise and the high confidence that we at BSL enjoy from our global customers. Our total order book, now stands at Rs. 3,723.65 crores, comprising of 41 vessels.”

About Bharati Shipyards Limited:

Mr. P. C. Kapoor and Mr. Vijay Kumar, both Naval Architects from IIT Kharagpur, established Bharati Shipyard in 1973. BSL has emerged as the leading private sector shipyard in India and designs and constructs various types of sea going, coastal harbor, inland crafts vessels.

Bharati Shipyard currently owns three shipyards, which are strategically located at Ghodbunder – Thane , Ratnagiri and Calcutta. A subsidiary of the group, Pinky Shipyard Ltd., owns a shipyard at Goa. The company is in the process of building a green field shipyard at Mangalore with capacity nearly four times higher than the existing yards. BSL has a strong order book position of Rs. 3,723.65 crores. BSL’s majority of the order book comprises of offshore segment like AHTS, OSVs and Rigs and reflects its superior quality engineering skill sets and ability to deliver on time. BSL reported Total Turnover (excluding subsidy) of Rs. 359.92 crores for April 2006 - March 2007, an increase of 38.6 per cent over Rs 260.05 crores during the corresponding period last year. The Net Profit increased to Rs 73.2 crores during April 2006 – March 2007 from Rs. 51.1 crores in April 2005 – March 2006. BSL has a dividend-paying track record since the company went public in 2004. The company has declared dividend of 25 % during April 2005- March 2006.