Jessop to Eyes Shipbuilding Project in Haldia

Friday, July 28, 2006
Jessop, a company of the Ruia Group, is planning to invest about $268m in West Bengal to set up a shipbuilding and repairing project and a coach manufacturing unit for underground railway systems. The group is also contemplating a public offering of Jessop, which in turn could be used to part finance the shipbuilding project at Haldia in East Midnapore district, said Pawan Ruia, chairman of Ruia Group. The group would invest close to $214m in shipbuilding activities and the remaining $53.5m would be towards a metro coach manufacturing facility. The company has already applied to the state government for 1,500-acre land for setting up a dry dock for ship manufacturing in Haldia. The group is likely to float a Special Purpose Vehicle (SPV) for the ship building project with leading global players, Ruia said. Ruia have already initiated discussions with few foreign partners like Tech Home of Ukraine and a Singapore outfit.
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

AVEVA E3D Takes Center Stage

Customer case studies combine with advances in asset visualization and cloud technologies to showcase a new era in the creation and management of complex Digital Assets.

Braemar Hosts Insurance Experts

Braemar (incorporating The Salvage Association) welcomed an invited group of marine insurance professionals onto its specialist port and shipyard familiarization

Hyundai Heavy Plummets to Worse Loss Ever

South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder, slid to a record quarterly loss of $1.8 billion and warned it's heading for its

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1022 sec (10 req/sec)