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western india shipyard ltd (531217) Details

Western India Shipyard Limited provides ship and oil rig repair services in India. The company repairs cargo vessels, tankers, product carriers, passenger vessels, offshore support vessels, dredgers, port craft, fishing trawlers, vessels of the Indian Navy/Coast Guard, and Offshore Oil Rigs. It operates through a floating dry dock of 60,000 DWT capacity; 4 wet repair berths; 35T and 50T capacity portal rail cranes; a 70T mobile crane; a power sub-station; heavy duty workshops; and fabrication centers. The company was incorporated in 1992 and is based in Mormugao, India. Western India Shipyard Limited is a subsidiary of ABG Shipyard Limited.

Founded in 1992

western india shipyard ltd (531217) Top Compensated Officers

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western india shipyard ltd (531217) Key Developments

Western India Shipyard Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015

Western India Shipyard announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company announced total income from operations, net of INR 10.022 million compared to INR 52.407 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 72.037 million compared to INR 106.032 million a year ago. Loss before tax was INR 104.205 million compared to INR 104.184 million a year ago. Net loss was INR 104.205 million or INR 0.35 per basic and diluted share (not annualised) compared to INR 104.184 million or INR 0.35 per basic and diluted share (not annualised) a year ago. For the nine months, the company announced total income from operations, net of INR 58.233 million compared to INR 220.825 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 213.593 million compared to INR 234.746 million a year ago. Loss before tax was INR 287.211 million compared to INR 241.952 million a year ago. Net loss was INR 287.211 million or INR 0.92 per basic and diluted share (not annualised) compared to INR 241.952 million or INR 0.47 per basic and diluted share (not annualised) a year ago.

ABG Shipyard Seeks To Sell Its Western India Shipyard

ABG Shipyard Limited (BSE:532682) has decided to divest its subsidiary Western India Shipyard Limited (BSE:531217) and will invite bids from prospective investors. The decision was taken in the meeting of the board of directors of the company held today. Board of Directors of the company, in their meeting held today, i.e. October 6, 2016 have decided and approved, inter alia, divestment of its subsidiary Western India Shipyard Ltd and authorized Executive Director and other company officials, jointly to invite suitable bid from the prospective investors and negotiate the deal including the best price, terms and conditions with them," it said in a regulatory filing.

Western India Shipyard Limited, Annual General Meeting, Nov 03, 2016

Western India Shipyard Limited, Annual General Meeting, Nov 03, 2016.

 

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