PDOC’s role as a leading shipyard is not limited to building and repairing commercial vessels and warships. The company has forayed into the oil and gas sector and aspires to provide high-end turnkey solutions to the sector, both onshore and offshore.
The company is currently in advanced stages of discussions to forge strategic alliances with leaders in the oil and gas sector. Such partnerships and alliances, both in India and internationally, will enable PDOC to leverage its core skills to build new capabilities and products, and provide relevant and suitable solutions to customers globally. PDOC is also looking to collaborate with design engineering consultants focused on oil and gas and EPC activities.
At present, PDOC has formed consortiums with several Indian companies including L&T, Jaihind Projects Ltd., Tolani Projects Pvt. Ltd. and Gastech, and one foreign firm, DGI Italy, to undertake several projects. The company was recently awarded a contract worth US$ 170 million for an offshore project, as well as a repair and maintenance contract for another offshore platform worth approximately US$ 65 million.
As a long term goal, the company will also focus on contributing to India’s vast energy requirements - through offshore wind power and solar power projects – on a commercial basis. PDOC will also look to continuously explore the market for future opportunities, both in India and outside the country, in onshore, offshore, refineries, LNG and related sectors.
Pipavav Shipyard Limited (PSL) came out with an Initial Public Offering in Sept 2009 and was listed on October 09, 2009 on Bombay Stock Exchange Limited (“BSE”) and the National Stock Exchange of India Ltd (“NSE”).
More details:View company website
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