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Dolphin Offshore Enterprises surges as its arm inks contract for construction of two vessels

28 Aug 2015 Evaluate

Dolphin Offshore Enterprises India is currently trading at Rs. 111.30, up by 6.80 points or 6.51% from its previous closing of Rs. 104.50 on the BSE.

The scrip opened at Rs. 107.90 and has touched a high and low of Rs. 116.00 and Rs. 106.50 respectively. So far 1,08,000 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 237.30 on 20-Nov-2014 and a 52 week low of Rs. 82.00 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 116.00 and Rs. 82.00 respectively. The current market cap of the company is Rs. 186.00 crore.

The promoters holding in the company stood at 54.83% while Institutions and Non-Institutions held 0.27% and 44.90% respectively.

Dolphin Offshore Enterprises India’s wholly owned subsidiary ‘Dolphin Offshore Enterprises (Mauritius) (DOEMPL)’ has entered into a contract with the Shipyard, Paxocean Engineering Zhuhai Company for the constructions of two vessels.

It has entered into construction of 400 Men DP3 Accommodation Barge and 150 Men DP2 Offshore Construction Vessel (OCV) - 85M. The expected delivery of the above vessels will be during the second half of the calendar year 2017.

Dolphin Offshore Enterprises (India) is a leading provider of underwater services to the Indian oil and gas industry.