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 June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

RS Rules Conform to the IMO Goal-based Standards

The rules of the Russian Maritime Register of Shipping are in conformity to the International Maritime Organization (IMO)goal-based standards (GBS), the IMO’s Maritime

 
 
Maritime Security Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Sonar 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: 0.0628 sec (16 req/sec)