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Pipavav Defence bags contract worth Rs 400 crore from ONGC

Pipavav Defence and Offshore Engineering Company has received its first and very prestigious contract which is approximately worth Rs 400 crore to repair, maintain and dry docking of oil rig of ONGC. The oil rig namely 'Sagar Laxmi' is one of the critical oil rigs of ONGC for its offshore operations. The company has been selected among the top global competitors and is expected to bag few more similar contracts in the near future.

Besides, the company has also secured highly prestigious contracts for dry docking and maintenance of critical oil rigs of global oil & gas conglomerates like 'Transocean' and 'Noble'. The company has one of the largest state of art global infrastructure meant for warships building and construction/maintenance of large offshore assets.

Pipavav Defence and Offshore Engineering Company is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit spread over around 95 hectares of land and another export oriented unit (EOU) spread over around 103.92 hectares of land.

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