Order book of Pipavav would double: Seshadri Bharathan, KSEMA Fincon Ltd
If licence permits Pipavav Shipyard to build around 5 warships a year, then at any point of time company would have an order of around 20 warships to be build.
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| Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about Pipavav and even ABG Shipyard.
What is the sense on start counters like Pipavav and even ABG Shipyard?
If you look at the current order book of ABG Shipyard, it is around 14000 crore. If licence permits say Pipavav Shipyard to build around 5 warships a year - usually it takes 3 to 4 years to build a warship - then at any point of time company would have an order of around 20 warships to be build. This would mean an order anywhere between 30000-40000 crore for this company. So the sense that we are getting is definitely the order book for both these companies would double from here and it augurs well for both these companies.
What is the sense on start counters like Pipavav and even ABG Shipyard?
If you look at the current order book of ABG Shipyard, it is around 14000 crore. If licence permits say Pipavav Shipyard to build around 5 warships a year - usually it takes 3 to 4 years to build a warship - then at any point of time company would have an order of around 20 warships to be build. This would mean an order anywhere between 30000-40000 crore for this company. So the sense that we are getting is definitely the order book for both these companies would double from here and it augurs well for both these companies.
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