Bharati Shipyard is planning to concentrate strongly on the offshore and defence segments and expects over Rs 2,000-crore of orders over the next one year as the offshore and defence segments hold immense potential.
Offshore and defence both the segments are presently growing exponentially and presently, the company's order-book of Rs 5,000-crore has a huge component of off-shore orders at around Rs 3,000-crore and defence orders of around Rs 500-crore. The company expects that there would be a huge demand for defense vessels and it is well-positioned to exploit these opportunities as presently, around 50 ships are under construction at its shipyards due for deliveries by mid-2013.
Recently, Bharati Shipyard was looking to acquire majority 51% stake and management control in Tebma Shipyards for a total consideration of Rs 75.75 crore. The company will infuse fresh equity capital into south-based firm at a price of Rs 19.20 per share of face value of Rs 10 each. Following this acquisition, Tebma’s equity capital base will expand to Rs 77.36 crore from current Rs 7.78 crore.
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