Western India Shipyard gains on securing orders worth Rs 16 crore during current quarter

12 Apr 2013

Western India Shipyard is currently trading at Rs 3.10, up by 0.12 points or 4.03% from its previous closing of Rs 2.98 on the BSE.

The scrip opened at Rs 3.10 and has touched a high and low of Rs 3.10 and Rs 3.10 respectively. So far 1000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 7.00 on 12-Apr-2012 and a 52 week low of Rs 2.45 on 19-Mar-2013.

Last one week high and low of the scrip stood at Rs 3.18 and Rs 2.90 respectively. The current market cap of the company is Rs 87.80 crore.

The promoters holding in the company stood at 60.15% while Institutions and Non-Institutions held 10.92% and 28.92% respectively.

Western India Shipyard has secured orders from its esteemed clients namely, Arcadia Shipping, PFS Shipping and Chowgule & Company for repair of coastal vessels which have arrived in its shipyard at Mormugao Port in Goa. The Coast Guard vessel and a casino vessel of Delta Corporation are also expected shortly after the scope of work is finalized. The value of the jobs during the current quarter is about Rs 16 crore.

The company has redelivered tanker M. V. Premala to Mercator after repairs, and a passenger vessel M. V. Horse Shoe to Delta Corporation is expected to be redelivered shortly. The scope of repairs includes surface protection, steel renewal, deck equipment, and other electrical, civil, mechanical and navigational equipment jobs.

Western India Shipyard offers services such as routine maintenance and damage repairs, cargo hold/tank space blasting and coating, main engine overhauls, rudder, propeller and tail shaft repairs, and cargo gear overhaul and repairs.

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