Bharati in expansion drive

Bharati Shipyard, one of the leading shipbuilder in the private sector in India, aims to achieve 20% of its revenue from the ship-repair business after completion of the current expansion drive. “Though the ship-repair industry is very small in India, the market is shifting towards other Asian countries due to lower cost, while India could be a better destination for this business,” said P. C. Kapoor, director of the yard.

Bharati?s current public offer has been floated with an objective to finance its expansion plans and ship repair capabilities. This includes, among others, expanding the capacity to construct 170 metre long vessels, an increase from the current 120 metres, enabling the yard to build ships up to 25,000 DWT instead of the current limit of 9000 DWT.