GOL Offshore rallies on pact for Rs 710 contract

MUMBAI: GOL Offshore has signed a contract for reconstruction of the gas processing platforms of ONGC on the West Coast of India.

The company will carry out engineering survey, detailed design & engineering, procurement, fabrication, transportation of materials (from shore to offshore), installation & hookup and commissioning activities.

The reconstruction Rs 710 crore project will be completed in over two years period.

At 10:00 a.m.; the stock was at Rs 51.10, up 4.61 per cent, on the BSE. It touched a high of Rs 51.85 and a low of Rs 50.20 in trade today.