Western India Shipyard gains on bagging repair order worth Rs 13.50 crore from Aban Offshore

14 Oct 2014

Western India Shipyard is currently trading at Rs 2.04, up by 0.15 points or 7.94% from its previous closing of Rs 1.89 on the BSE.

The scrip opened at Rs 1.90 and has touched a high and low of Rs. 2.18 and Rs. 1.90 respectively. So far 428190 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 3.56 on 21-Oct-2013 and a 52 week low of Rs 1.40 on 13-May-2014.

Last one week high and low of the scrip stood at Rs. 2.00 and Rs. 1.65 respectively. The current market cap of the company is Rs. 61.29 crore.

The promoters holding in the company stood at 56.02% while Institutions and Non-Institutions held 10.92% and 33.06% respectively.

Western India Shipyard has secured a prestigious repair order from its esteemed client namely, Aban Offshore, for major repairs to a Deep Sea Oil Rig ‘Aban IV’ amounting to Rs. 13.50 crore over a period of about 90 days. The repairs involve steel and pipeline renewal, surface protection, painting and other minor repairs.

The vessel ICGS Sangram is in the shipyard undergoing major repairs. The vessels Caravel Pride and M. V. Qing are expected to sail out shortly after completing the Port formalities.

Western India Shipyard (WISL) is India’s largest composite ship & rig repair facility in the private sector is one of the world’s advanced multi-dimensional and multi-purpose yard offering modern, streamlined, sophisticated ship & rig repair facilities and services.

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