Rs350 News

In Bangalore, offshore oilfield services firm Great Offshore Ltd has run into fresh trouble after Axis Bank Ltd walked out of a deal to lend Rs350 crore to the Mumbai-based firm for funding the purchase of an oil drilling rig, currently under construction at Bharati Shipyard Ltd. Axis Bank wanted the money back after ONGC cancelled the rig contract and also due to delay in completing the construction of the rig. (Source: livemint.com)

In December 2001, WESMAR announced their new roll fin stabilizer systems, the Low Profile RS250 and RS350, which offer the 35-50 ft. boat owner the same smooth ride as larger boat owners have enjoyed for almost two decades. The new, compact system comes with a new CPS 1000 Gyro controller as well: a control station which features updates and inventions. The CPS 1000 Gyro Controller is exclusive to the RS250 and 350 systems and was redesigned from the original console that accompanies the other nine roll fin stabilizer systems which WESMAR manufacturers.