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Marine Log

August 17, 2006

Six more forBharati

India's Bharati Shipyard Ltd has announced contract from Reliance Industries Ltd for construction of 6 vessels including 1 diving support vessel.

Reliance Industries Limited is India's largest private sector company with a turnover of US $18.773 billion and profit of US $2.125 billion for the fiscal year ending in March 2005. It will use the vessels atto support itsoffshore terminal at Jamnagar.

The value of the contract is approx. Rs 1200 million ( about $25.8 million).

With this order, Bharati's current order book position is Rs 15860 million (about $341 million).

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