Pipavav Shipyard likely to bag Rs 8000 cr order; stock down

MUMBAI: Pipavav Shipyard may bag orders worth Rs 8000 crore from Russian government arm, says ET Now. The company is likely to build war-ships for Rosoboron Exports.

The current order book of the company is around Rs 7000 crore.

Ship building at Pipavav is expected to begin from 2011 onwards.

However, the source-based news failed to lift the stock higher. It was at Rs 67.85, down 4.91 per cent on the NSE. It touched a low of Rs 67.25 and high of Rs 72.60 in early trade.