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Siddhi Vinayak Shipping Corporation secures order from L&T Heavy Engineering

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Capital Market

For fabrication of Hull Structures of K 9 Vazra T Guns

Siddhi Vinayak Shipping Corporation has bagged an order for Fabrication of Hull Structure of K 9 Vazra T Guns from L&T Heavy Engineering. The company foresees that it will be involved in building such structures over the next 4 years with the support of L&T Heavy Engineering. It will be sending a team of people to South Korea for the purpose of technical understanding for the Project.

The company will enter into defence sector which may have a positive impact on profitability in coming years.

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First Published: Oct 05 2017 | 12:14 PM IST

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