Western India Shipyard bags major rig repair order
Western India Shipyard announced that it has received a major repair order for their ninth jack up deep water oil rig `JUR Noble Charlie Yester` with rated depth of 300 meters. The repairs will cover various onboard machinery and equipment, steel renewal, surface preparation and painting, etc.
This prestigious repair order of value of about Rs 75 million is to be completed in about 40 days.
There are 10 other vessels undergoing repairs in the shipyard and the pace of repairs are on schedule.
Shares of the company gained Rs 0.24, or 1.66%, to trade at Rs 14.74. The total volume of shares traded was 147,212 at the BSE (3.30 p.m., Tuesday).