Pipavav Defence shines on bagging contract worth Rs 400 crore from ONGC

Swan Defence and Heavy Industries Ltd. | Ship Building | Construction & Infrastructure | BSE: 533107 | NSE: SWANDEF

31 Dec 2012 Evaluate

Pipavav Defence is currently trading at Rs. 91.00, up by 0.35 points or 0.39% from its previous closing of Rs. 90.65 on the BSE.

The scrip opened at Rs. 91.45 and has touched a high and low of Rs. 92.90 and Rs. 90.95 respectively. So far 92,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 98.35 on 13-Dec-2012 and a 52 week low of Rs. 52.65 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs. 91.75 and Rs. 89.15 respectively. The current market cap of the company is Rs. 6,380 crore.

The promoters holding in the company stood at 45.03% while Institutions and Non-Institutions held 20.28% and 34.69% respectively.

Pipavav Defence and Offshore Engineering Company has received its first and very prestigious contract which is approximately worth Rs 400 crore to repair, maintain and dry docking of oil rig of ONGC. The oil rig namely ‘Sagar Laxmi’ is one of the critical oil rigs of ONGC for its offshore operations. The company has been selected among the top global competitors and is expected to bag few more similar contracts in the near future.

Besides, the company has also secured highly prestigious contracts for dry docking and maintenance of critical oil rigs of global oil & gas conglomerates like ‘Transocean’ and ‘Noble’. The company has one of the largest state of art global infrastructure meant for warships building and construction/maintenance of large offshore assets.

Pipavav Defence and Offshore Engineering Company is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit spread over around 95 hectares of land and another export oriented unit (EOU) spread over around 103.92 hectares of land.

Swan Defence & Heavy Share Price

2034.00 7.40 (0.37%)

19-Jun-2026 15:31 View Price Chart

Peers

Company Name	CMP
Mazagon Dock Ship	2529.40
Cochin Shipyard	1460.55
VMS Industries	22.74
Knowledge Marine & E	2077.65
Laxmipati Engineerin	304.00
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