• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, July 28

Great Offshore bagged an engineering contract worth Rs 234 crore from Oil and Natural Gas Corporation, the company informed the Bombay Stock Exchange on Monday. The contract involves carrying out transportation as well as installation work on 79 offshore platforms of ONGC. It is scheduled to be completed by the middle of the calendar year 2010, the notice said. The work would be carried out at various production platforms in Mumbai High, Bassein & Satellite and Neel am & Heera. Consolidated revenues from engineering services and projects during financial year 2007-08 stood at Rs 25 crore, the company said. The Vice-Chairman and Managing Director of the company, Mr Vijay K. Sheth, said in the statement, “It’s been our consistent endeavour to diversify the growth drivers for our business. This contract is a big step in that direction. It is a formidable leap for the company in terms of business positioning.”

— Our Bureau

More Stories on : New Business | Petroleum | Oil & Natural Gas Corporation Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Electrotherm to compete with high-powered petrol scooters

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line