Garware Offshore Services rose 2.73% to Rs 175.25 at 10:15 IST on BSE, after the company said it has secured a firm contract for upto 3 years for its new anchor handling tug-cum-supply vessel MV Meghna.
The company made this announcement before trading hours today, 19 September 2008.
The stock hit a high of Rs 181.40 and a low of Rs 175.25 so far during the day. The stock has a 52-week high of Rs 310 on 6 December 2007 and a 52-week low of Rs 134.90 on 4 July 2008.
The company’s current equity is Rs 23.82 crore. Face value per share is Rs 10.
The annual revenue from this contract is expected to be in the region of Rs 22 crore.
In April 2008, Garware Offshore secured a contract for upto three years for its new anchor-handling tug cum supply vessel
Garware Offshore reported net loss of Rs 5.52 crore in Q1 June 2008 as compared to net profit of Rs 5.19 crore in Q1 June 2007. Net sales rose 51.6% to Rs 29.43 crore in Q1 June 2008 over Q1 June 2007.
The company's principal activity is to support drilling and oil exploration activities.
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