Apeejay Surendra Group News

Bharati Shipyard, the second largest private sector shipbuilder in India, is going slow on fresh orders for building ships since the company is booked to capacity till 2011. The company, promoted by two former naval architects - P C Kapoor and Vijay Kumar - has seen orders pouring in from France, Norway and other leading maritime nations. Bharati reportedly will also shortly announce a joint venture with Apeejay Surendra Group for a large shipyard on the east coast. This, however, will be for bigger cargo ships. The four shipyards Bharati owns in Ratnagiri, Goa, Kolkata and Mangalore will continue to build high technology vessels such as offshore vessels. [Source: http://sify.com]

Orissa, which plans to set up at least a dozen of ports along its 450 km long coastline, has received a proposal for shipbuilding and repair yards. Sources said Bharati Shipyard Ltd. and Apeejay Surendra Group, had jointly proposed to develop a state-of-the-art shipbuilding and ship repair yards at Dhamara in Bhadrak district. Official sources said the government was serious about the proposal because this could result in as many as 41,000 new jobs. [Source: The Economic Times]