Bharati Shipyard Ltd, a private sector shipbuilder, expects new orders worth around Rs 1,000 crore from defence and offshore sectors over next one year.
"At the moment, we have sufficient orders for the next one-and-a-half to two years," Managing Director P C Kapoor said in an interview on Monday.
The company's current order book size is around Rs 5,000 crore, of which the unexecuted portion stands at Rs 2,000 crore.
Bharati Shipyard has planned a capex of around Rs 200 crore for FY12 to set up shipyards at Dabhol in Maharshtra and Mangalore in Karnataka.
He also said Great Offshore, an offshore services company in which Bharati holds a 49.73 per cent stake, is looking to raise $150-$200 million in three-four months to expand and replace ageing fleet.
Kapoor serves as executive director on the board of Great Offshore, in which Bharati had raised stake earlier this year after a six-month long battle with rival ABG Shipyard.
Great Offshore could raise the funds through a share sale to institutions, fresh debt, or issue of foreign currency convertible bonds.
"We are more and more looking into management issues of Great Offshore. They do have a requirement to renew their fleet as some of the fleet is very old. That is definitely in their plans and we would help them do that," Kapoor said.
He did not elaborate on the quantum of orders the firm expects from Great Offshore.
"At the moment, we have sufficient orders for the next one-and-a-half to two years," Managing Director P C Kapoor said in an interview on Monday.
The company's current order book size is around Rs 5,000 crore, of which the unexecuted portion stands at Rs 2,000 crore.
Bharati Shipyard has planned a capex of around Rs 200 crore for FY12 to set up shipyards at Dabhol in Maharshtra and Mangalore in Karnataka.
He also said Great Offshore, an offshore services company in which Bharati holds a 49.73 per cent stake, is looking to raise $150-$200 million in three-four months to expand and replace ageing fleet.
Kapoor serves as executive director on the board of Great Offshore, in which Bharati had raised stake earlier this year after a six-month long battle with rival ABG Shipyard.
Great Offshore could raise the funds through a share sale to institutions, fresh debt, or issue of foreign currency convertible bonds.
"We are more and more looking into management issues of Great Offshore. They do have a requirement to renew their fleet as some of the fleet is very old. That is definitely in their plans and we would help them do that," Kapoor said.
He did not elaborate on the quantum of orders the firm expects from Great Offshore.
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