Date: 28/05/2007:

Man Ferrostaal AG of Germany has ordered 2 Nos. Latest Generation Large PSVs with Bharati Shipyard Limited. The Contract value of each vessel is € 38 million totaling to € 76.00 million (i.e. App. Rs. 418 crore).

These vessels are 105 m in length and are fitted with 2 sets of Voith cycloidal Propeller Units at the stern powered by electrical prime mover for diesel Electric Propulsion. Classed with Germanishcher Lloyd, the vessels will have free running speeds of 17 Knots. Bharati is proud to announce the above order as it contains rare combination of a Large PSV with a higher speed. Bharati shall also carry out the detailed engineering for the above vessels in its in-house design center.

The vessel would have cargo Deck area of 1400 sq. meter and will have capacity of 2500 tons Deck load.

This is the first time that such a latest generation PSVs with Voith Cycloidal Propeller Units is being made in Asia. As on date, there are only 3 such vessels in operation worldwide.

MAN Ferrostaal, is an industrial service provider forming part of the MAN group having presence in more than 60 countries. MAN Ferrostaal has an annual turnover of about  € 1,379 million.

With the above orders, our total order book stands at Rs. 3,554 crores comprising of 41 vessels.