Bharati Shipyard

Bharati Defence And Infrastructure Limited
Public
Traded as BSE: 532609
NSE: BHARTISHIP
Industry Shipbuilding
Founded 1973 (1973)
Founder Prakash C. Kapoor
Vijay Kumar
Headquarters Mumbai, India
Key people
 Prakash C. Kapoor, MD
Vijay Kumar, MD
Services Ship design
Ship building
Ship repair
Revenue ₹13.52 billion (US$200 million) (2010)[1]
Increase ₹1.38 billion (US$21 million) (2009-10)[1]
Subsidiaries Tebma Shipyard Private Limited
Pinky Shipyard Private Limited
Website www.bharatishipyard.com

Bharati Defence And Infrastructure Limited (formerly Bharati Shipyard Limited) is one of the largest shipbuilding companies in India.

History

BSL was founded in 1973 in Ratnagiri, Maharashtra by Prakash C. Kapoor and Vijay Kumar, graduates of the Ocean Engineering & Naval Architecture program at Indian Institute of Technology, Kharagpur, as well as colleagues at Mazagon Dock Limited. The company went public in December 2004, with listings on the Bombay Stock Exchange and the National Stock Exchange.[2]

In 2005, BSL acquired a 51% stake in privately held Pinky Shipyard Private Limited based in Goa.

In 2007, BSL bought the entire equipment and infrastructure of the iconic British shipyard, Swan Hunter, after it declared bankruptcy.[3]

In 2009, BSL won majority control of Great Offshore Limited in a bidding war with ABG Shipyard Limited.[4]

In November 2010, BSL acquired a majority stake in South India based Tebma Shipyards for INR 757.5 Million.[5]

Facilities

Bharati Shipyard is headquartered in Mumbai.[6] It operates shipbuilding facilities in Ratnagiri, Dabhol, Mangalore and Kolkata. It has structural quality assurance facilities at Ghodbunder Road in Thane district. Its subsidiary, Pinky Shipyard, has shipbuilding facilities in Goa.[1][7] Its subsidiary, Tebma Shipyard, has shipbuilding facilities in Karnataka, Kerala and Tamil Nadu.[8]

BSL's Dabhol yard is one of the largest in India, spread over 300 acre. In 2007, BSL bought the entire equipment and infrastructure, of bankrupt British shipyard Swan Hunter. The infrastructure, including the iconic cranes and the floating dock, was dismantled, transported to India, and installed at BSL's Dabhol yard.[3]

Products

Bharati Shipyard builds jackup rigs, platform supply vessels, tractor and ASD tugs, dredgers, deep sea fishing vessels, bulk carriers, cargo and container ships, tankers and roll-on/roll-off vessels.

In March 2009, it was awarded a ₹2.8 billion (US$42 million) contract to build 15 high-speed interceptors for the Indian Coast Guard.[9]

References

  1. 1 2 3 "Annual Report 2009-10" (PDF). Bharati Shipyard Limited. Retrieved 2011-09-11.
  2. ↑ "Bharati Shipyard Ltd.". BSE. Retrieved 2011-09-11.
  3. 1 2 "Bharati Shipyard shifting Swan Hunter yard to India - Corporate News". livemint.com. 2007-04-16. Retrieved 2010-11-23.
  4. ↑ "Anonymous mail tries to sink Bharati". Business Standard. 2011-07-02. Retrieved 2011-09-10.
  5. ↑ "Bharati Shipyard plans to acquire majority stake in Tebma". Reuters. 2010-11-23.
  6. ↑ "Contact Us". Bharati Shipyard Limited. Retrieved 2010-11-23.
  7. ↑ "Home". Bharati Shipyard Limited. Retrieved 2010-11-23.
  8. ↑ "Bharati Shipyard: Building a strong base". Business Standard. 2010-11-25. Retrieved 2011-09-11.
  9. ↑ "Bharati Shipyard bags Rs 281cr defence contract". Business Standard. 2009-03-06. Retrieved 2011-09-10.
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