Pipavav Defence and Offshore Engineering Company has secured contract worth Rs 1,160 crore to build two specialised offshore vessels for its European client. The said order is expected to be delivered over next 12 to 16 months. Following this, the company crosses $2 billion order book mark and looking to close at least 3 more contracts in the next 2 quarters in the Offshore and Naval segment.
Pipavav Defence is the first yard in India to receive rigs from Global giants like Transocean, ONGC and Noble among others due to its world class Dry dock and state-of-the-art infrastructure to build and dry dock Offshore assets besides Naval warships.
The company has also received interest from the European investor for investment in the Company. It will be subject to the approval by the Board of Directors, Shareholders and required statutory approvals.
Company Name | CMP |
---|---|
Shipping Corpn. | 210.65 |
GE Shipping | 1000.50 |
Dredging Corp | 678.10 |
Shreyas Shipping | 260.55 |
Seamec | 1070.05 |
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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