Reliance Defence delivers vessel to ONGC
New Delhi, March 28: Billionaire Anil Ambani Group firm Reliance Defence and Engineering Ltd has delivered seventh offshore supply vessel (OSV) to state-owned Oil and Natural Gas Corp (ONGC).
This is the first vessel to be delivered by Reliance De- fence, formerly Pipavav Defence and Offshore Engineering Co Ltd, since takeover of the shipyard by Reliance Group on January 18, 2016.
The total value of the project for supply of 12 OSV to ONGC is over R700 crore.
“The vessel completed its sea-trials within a record time of two days to the satisfaction of ONGC and Indian Register of Shipping (IRS). The vessel will facilitate ONGC in substituting their older fleet and chartered vessels as well as bring in high level offshore operations,” the company said in a statement. PTI