Bharati Shipyard bags $89.28 mn Shipping Corp order

MUMBAI: Bharati Shipyard Ltd has received order from Shipping Corporation of India for four anchor handling tugs cum supply vessels. The price of each vessel is $22.32 million totaling to $89.28 million or around Rs 351 crore.

The vessels will be based on the Havyard Design, which will be used for the first time for such vessels built in India. The design allows higher deadweight tonnage and higher cargo carrying capacity compared to other 80 tonne vessels with similar dimensions. On BSE Wednesday, Bharati Shipyard shares closed at Rs 575.20, down 1.52 per cent from the previous close.