The Bangladesh authorities has cancelled an order value almost Rs 180 crore from Backyard Attain Shipbuilders & Engineers Ltd. The contract was for building of a sophisticated ocean-going tug, in response to an trade submitting on Wednesday.
The order, value $21 million, was from the Directorate Normal Defence Buy, Ministry of Defence, Bangladesh. The development and supply of 1 superior ocean-going tug was to be designed, constructed and delivered in 24 months, in response to the earlier notification.
The general size of the tug would have been almost 61 metres and the vessel was set to be about 15.8 metres huge with a depth almost 6.8 metres. The ship’s most velocity with a full load was to be at the very least 13 knots.
Shares of GRSE closed 4.43% increased at Rs 2,500.5 apiece on the NSE. The shares have risen 54.7% on a year-to-date foundation and 109.6% within the final 12 months.
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