Pipavav Defence.....
http://www.livemint.com/2011/09/12134610/Mazagon-Dock-Pipavav-to-joint.html
. Picked by state-run Mazagon Dock Ltd as its joint venture partner to build warships for the Indian Navy.
. Plans to list company overseas
. Will float an independent company to be named Mazagon Dock Pipavav Ltd (I don't like this until existing shareholders get a stake)
. Company will be executing the current order book of Mazagon Dock worth Rs1 lakh crore (Rs1 trillion) and look for new orders jointly
. Pipavav Defence owns India’s biggest dry dock used for building and repairing ships and has a licence from the government to build warships
. The company proposes to convert an existing wet dock into a second dry dock to enhance its capability to build warships for the Indian Navy and the export market
. Pipavav is currently executing orders worth a combined $1.5 billion, with defence work accounting for some 42% of the total value
Rakesh JhunJhunwala has a stake in this company.
In Pipavav, Rakesh Jhunjhunwala and his family holds 10 mn convertible warrants issued at Rs 78 a share
What more does one want? Will you invest?
UPDATE (13th Oct) -
As per
http://www.moneycontrol.com/news/business/i-t-searches-at-pipavav-group-firmmumbai-delhi_598355.html#toptag
It seems the fate of the JV is unclear.
http://www.livemint.com/2011/09/12134610/Mazagon-Dock-Pipavav-to-joint.html
. Picked by state-run Mazagon Dock Ltd as its joint venture partner to build warships for the Indian Navy.
. Plans to list company overseas
. Will float an independent company to be named Mazagon Dock Pipavav Ltd (I don't like this until existing shareholders get a stake)
. Company will be executing the current order book of Mazagon Dock worth Rs1 lakh crore (Rs1 trillion) and look for new orders jointly
. Pipavav Defence owns India’s biggest dry dock used for building and repairing ships and has a licence from the government to build warships
. The company proposes to convert an existing wet dock into a second dry dock to enhance its capability to build warships for the Indian Navy and the export market
. Pipavav is currently executing orders worth a combined $1.5 billion, with defence work accounting for some 42% of the total value
Rakesh JhunJhunwala has a stake in this company.
In Pipavav, Rakesh Jhunjhunwala and his family holds 10 mn convertible warrants issued at Rs 78 a share
What more does one want? Will you invest?
UPDATE (13th Oct) -
As per
http://www.moneycontrol.com/news/business/i-t-searches-at-pipavav-group-firmmumbai-delhi_598355.html#toptag
It seems the fate of the JV is unclear.
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