Bharati Defence and Infrastructure Ltd (BDIL) launched an interceptor vessel for Indian Coast Guard at its New Mangalore shipyard on Wednesday.
Speaking at the launch of the interceptor vessel ‘V-410’, Narendra Kumar, Chief Operating Officer of BDIL, said BDIL has delivered five interceptor boats to Coast Guard till now.
The first interceptor boat for Coast Guard from New Mangalore shipyard was delivered on November 10. ‘V-410’, which was launched on Wednesday, will be delivered to Coast Guard by February 20. These interceptor vessels will be effective in anti-smuggling, anti-piracy operations, and also in fisheries protection and monitoring.
He said BDIL was admitted into the Corporate Insolvency Resolution Process (CIRP) on June 6 2017, and Dhinal Shah, partner at E&Y LLP, was appointed as the resolution professional. The company has six shipyards in the country.
He said the company is on the revival process and the effort is under way to find a new investor to take control of the company.