Re­liance De­fence de­liv­ers ves­sel to ONGC

The Financial Express - - COMPANIES -

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

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