Western India Shipyard Secures Order from DCI

Western India Shipyard today announced that it has secured a new order from its client Dredging Corporation of India (DCI) worth Rs 56.3 million.

The order work includes repair of one of their large vessels, DCI Dredge Aquarius at its shipyard at Marmugao, Goa within the next 40 days.

Western India had underperformed the market over the past one month till Sep. 27, 2010, rising 11.30% compared with the Sensex`s 11.77% rise. It underperformed the market in past one quarter, gaining 3.23% as against 14.47% rise in the Sensex.

Shares of the company gained Rs 0.4, or 3.05%, to trade at Rs 13.50. The total volume of shares traded was 327,954 at the BSE (2.21 p.m., Tuesday).



Source: myiris, September 28, 2010;