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SKS Logistics to buy Floating Dry Dock for Ship Repair Services

India Infoline News Service / 10:35 , Jun 28, 2010

The company expects order worth Rs1.5bn in 5 yrs once the repair services commenced, which will significantly grow the profitability of the company.

SKS Logistics will acquire floating Dry Dock to be positioned in Mumbai Harbour for Ship Repair Services with an initial investment of Rs150mn. The company will start its ship repair facility at Mumbai harbour to be acquired shortly. The company will initially invest Rs150mn to purchase the fully automated floating dry dock for the purpose of Ship Repair Services.The company expects order worth Rs1.5bn in 5 yrs once the repair services commenced, which will significantly grow the profitability of the company.




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