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Reliance Defence gains on delivering Newbuilt Panamax Bulk Carrier

18 Jan 2017 Evaluate

Reliance Defence and Engineering is currently trading at Rs 57.40, up by 0.50 points or 0.88% from its previous closing of Rs 56.90 on the BSE.

The scrip opened at Rs. 57.75 and has touched a high and low of Rs 58.20 and Rs 56.65 respectively. So far 258532 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs 81.15 on 21-Jan-2016 and a 52 week low of Rs 48.40 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs 58.95 and Rs 56.10 respectively. The current market cap of the company is Rs 4229.51 crore.

The promoters holding in the company stood at 29.90%, while Institutions and Non-Institutions held 14.33% and 55.78% respectively.

Reliance Defence and Engineering (RDEL) has successfully delivered yet another 74,500 DWT Newbuilt Panamax Bulk Carrier viz. ‘Sea Amber’ on January 17, 2017 to an international customer. The company has delivered till date seven similar size, Ice-class Panamax Vessels to its international customers. The Ship has been built as per one of the best-in-class international standards meeting the toughest environmental emission norms as well as fuel economy (EEDI standard).

These are the largest dry bulk carriers of its class ever built in India. RDEL is the only Indian Shipyard to achieve this landmark. RDEL with the largest dry-dock of the country has successfully mastered the block-construction technique through unique ‘modular construction technology’ for building large ships for both commercial usage and Navy. The Shipyard meets the latest Performance Standards for Protective Coating (PSPC) which ensures most advanced painting solution protecting the marine fife while providing the enhanced life to the Ships.

Swan Defence & Heavy Share Price

1889.40 -10.95 (-0.58%)
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