Public-sector Cochin Shipyard has sought permission from the government to launch an IPO for a new dry dock. The shipyard’s chairman and MD M Jitendran said, ”We have submitted a concept paper and hope to come out with the IPO before the end of this calendar year. The new dry dock complex will require an investment of Rs8,000M ($200M) and will have a capacity of 175,000dwt, he added.
Cochin to float dry dock
Mon 18 Feb, 2008
| Posted in: Builders
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