Thursday, September 27, 2007

SCI plans to build country's largest shipyard

Shipping Corporation of India (SCI) has firmed up plans to build the country's largest shipyard with an investment of around Rs 3,000 crore.


The public sector company would compete with Larson and Toubro, Korean shipping major STX, Essar, Shapoorji Pallonji and Bharti Shipyard for the two shipbuilding projects that the government plans to float. The company is likely to make a formal announcement in this regard in the next six to eight weeks.


The government had earlier proposed to build two shipyards, one on the west coast and the other on the east coast, of international standards. The sites identified by the shipping ministry are Kakinada, Ennore and Tuticorin in east coast, and Mundra and Pipavav in the west coast. These shipyards would be bigger than all the existing facilities in the country.


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