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Article: India : GE Shipping in expansion mode, readies Rs 2k-cr capex.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: pinto03
The Great Eastern Shipping Company (GE Shipping) said it has drawn up capital expenditure of around Rs 2,075 crore ($437 million) to expand its tankers and dry bulk carrier capacities.
The company has a total capex commitment of around $437 million, which will result in addition to the tonnage of about 0.68 million deadweight tonnes (DWT) of 2 tankers and five dry bulk carriers, GE Shipping s deputy chairman & managing director, Bharat Sheth said. The company has 12 crude carriers, 18 product carriers and one gas carrier along with 31 tankers and six dry bulk carriers, Mr Sheth said.
Throughout the second quarter, the tanker ...