Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Punj Lloyd buys into Pipavav Shipyard

Punj Lloyd buys into Pipavav Shipyard

Mumbai: India's Punj Lloyd Ltd said it has signed a deal to acquire a 25.1 pct stake in Pipavav Shipyard Ltd for 4.03bn rupees, to support the growth of its business in the offshore sector.

Citing the ongoing shortage in shipyard capacity and rising demand for offshore facilities, the company said it aims to leverage the over 30% a year growth in the next few years.  [03/08/07]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg