Bharati acquires Pinky

Bharati Shipyard Limited, one of the largest private sector shipyards in India, has announced that it has completed the acquisition of M/s Pinky Shipyard Pvt Ltd. Following this, the company holds 51% of the share capital of M/s Pinky Shipyard which has become a subsidiary of Bharati Shipyard. This shipbuilder recently received orders for six multipurpose carrier vessels from M K Shipping, Netherlands, valued at $66 million.

The company’s current order book position stood at Rs 944.06 crore compared to Rs 422.61 crore. Of the total order book, 78% are for ships to be delivered to the international customers.