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 Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Cat C9.3 ACERT to Debut at WorkBoat

Caterpillar Marine unveils Cat C9.3 ACERT power solutions for the commercial marine market   Caterpillar Marine has launched the Cat C9.3 ACERT Marine platform,

Seajacks Scylla Delivered

Seajacks Scylla, touted as the world's largest and most advanced wind farm installation and offshore construction vessel, has been delivered by the Samsung Heavy Industries Shipyard in Geoje,

Horizon Awarded for GORHEAD Software

Horizon Shipbuilding, Inc. of Bayou La Batre, Ala., has been presented with the 2015 “Innovator of the Year” award by the Mobile Alabama Chamber of Commerce for

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.0622 sec (16 req/sec)