Pipavav Defence and Offshore Engineering Company has bagged a Rs 255-crore contract for maintaining and dry docking of deep water draft oil rigs.
The company said in a filing to the stock exchange that it has signed significant contracts for oil and gas assets and for the first time in the country, a critical and complex work is being carried out in India in this sector.
On the heels of the Rs 1,160-crore contract bagged for building two specialised offshore vessels for a European client last week, Pipavav Defence has got this new contract.
Pipavav Defence’s Offshore facilities is focusing on building, maintaining, refurbishing, converting and dry docking of oil platforms, deep water draft rigs and other speciality oil and gas assets for global clients including ONGC.
The company said it is in negotiations with several large oil and gas players globally to enter into long-term contracts for building, conversion, maintaining and dry docking of equipment vital for the energy sector.