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Pipavav Defence and Offshore Engineering Company is currently trading at Rs 61.20, up by 4.65 points or 8.22% from its previous closing of Rs 56.55 on the BSE.

The scrip opened at Rs 56.90 and has touched a high and low of Rs 62.20 and Rs 55.65 respectively. So far 4574080 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 92.60 on 13-Sep-2011 and a 52 week low of Rs 50.65 on 21-Nov-2011.

Last one week high and low of the scrip stood at Rs 82.60 and Rs 50.65 respectively. The current market cap of the company is Rs 3765.09 crore.

The promoters holding in the company stood at 45.00% while Institutions and Non-Institutions held 19.04% and 35.96% respectively. 

Pipavav Defence and Offshore Engineering Company successfully delivered ‘The Golden Suek’, one no. 74,500 DWT Panamax Bulk Carrier to GOLDEN SAPPHIRE INC., nominated by GOLDEN OCEAN Group, a Company headquartered in Norway. This is the largest dry bulk carrier ever built in India.

Further, the board of directors of the company, through resolutions passed by circulation has approved to issue equity shares to International Strategic Investor on preferential basis. The investor is a leading and extremely reputed global conglomerate with strong Interest in defence sector.

Further, the investor will bring in critical technology required for manufacture of complex and critical equipments, systems required by armed forces i.e. Navy, Army and Air force.

Pipavav Defence and Offshore Engineering Company, formerly Pipavav Shipyard, 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) Unit spread over around 103.92 hectares of Land.

Swan Defence & Heavy Share Price

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