Reliance Defence and Engineering (RDEL) formerly Pipavav Defence and Offshore Engineering Company, has delivered its seventh offshore supply vessel (OSV) to Oil and Natural Gas Corp (ONGC) from the series of 12 indigenously designed and built ships, valued at Rs 700 crore.
This is the first vessel to be delivered by the company, since takeover of the shipyard by Reliance Group on January 18, 2016. The total value of the project for supply of 12 OSV to ONGC is over Rs 700 crore.
Reliance Defence and Engineering is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit and another export oriented unit (EOU).
Company Name | CMP |
---|---|
Shipping Corpn. | 259.75 |
GE Shipping | 1159.90 |
Dredging Corp | 1130.55 |
Shreyas Shipping | 327.95 |
Seamec | 1107.00 |
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