SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Pipavav Defence shines on emerging as lowest bidder for order worth Rs 920 crore

31 Oct 2013 Evaluate

Pipavav Defence and Offshore Engineering Company is currently trading at Rs. 51.80, up by 0.35 points or 0.68% from its previous closing of Rs. 51.45 on the BSE.

The scrip opened at Rs. 51.50 and has touched a high and low of Rs. 52.50 and Rs. 51.50 respectively. So far 1,55,000 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. 40.65 on 06-Sep-2013.

Last one week high and low of the scrip stood at Rs. 53.05 and Rs. 51.00 respectively. The current market cap of the company is Rs. 3,813.00 crore.

The promoters holding in the company stood at 44.52% while Institutions and Non-Institutions held 17.70% and 37.78% respectively.

Pipavav Defence and Offshore Engineering Company has been declared lowest bidder by the Indian Coast Guard, Ministry of Defence, Government of India, for design and construction of fourteen Fast Patrol Vessels (FPVs) under the competitive bidding process. The value of the order is approximately Rs 920 crore. The company had recently bagged another prestigious contract for five Naval vessels amounting to around Rs 2,975 crore which has been received from Ministry of Defence, and is under execution.

FPVs are medium range surface platforms with water jets and primarily utilized for patrol within exclusive economic zone (EEZ), coastal patrol, anti-smuggling, antipiracy and search & rescue operations.

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

1896.75 -36.30 (-1.88%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×