Business Standard

Global Offshore bags Rs 39-crore contract

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Announcement Corporate

Anchor Handling Tug cum Supply Vessel (AHTSV), MV Mahananda has been awarded a 3 year contract.

Global Offshore Services Limited (formerly known as Garware Offshore Services) one of the leading offshore vessels services providers has entered in to a 3-year contract with one of the exploration and production company. The company’s anchor handling tug cum supply vessel (AHTSV), MV Mahananda has been awarded a 3 year contract with an approx value of Rs 13 crore per annum and the same will be deployed on the West Coast of India.

Commenting on this development, Aditya Garware, Vice Chairman and Managing Director, Global Offshore Services Limited said, “The Company continues to be bullish on this sector in view of the increased Exploration & Production Activity. We at Global offshore strongly believe and see a huge potential in this business.”

 

Global Offshore operates a total fleet of 13 vessels.

“The company is committed towards increasing its presence in new geographical markets,” added Aditya Garware.

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First Published: Apr 08 2011 | 5:25 PM IST

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