Garware Offshore Services Ltd

Garware Offshore Services Ltd (GOSL) has received a Letter of Award of Contract from ONGC for its Platform Support Vessel (PSV) "M.V. Kamet", which is due to be delivered in the month of May 2007. The tenure of the contract is of 5 years and as per the company the contract would fetch it revenue of Rs250mn per annum. The charter rate works out to be close to US$16,500 per annum, which is slightly ahead of our expectations of US$15,500/day. The increase, however, translates into only Rs0.1 increased in our EPS estimates for CY07. Two more PSVs are likely to be delivered in the months of March 2008 and December 2008. If the company is able to put these vessels on similar day rates, the upside in earnings could be as much as Rs0.3 in CY08 EPS.

Click below for the detailed event update:http://www.indiainfoline.com/news/innernews.asp?storyId=31325&lmn=1

MANY THANKS TO

Prayesh Jain

India Infoline Ltd

0 comments:

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.
Information and opinions provided on this website (www.investchips.com) has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. Investchips.com and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. Investchips.com,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. Investchips.com and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.

Google, as a third party vendor, uses cookies to serve ads on this site.
Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
www.investchips.com never collects any personal information of visitors.

WWW.INVESTCHIPS.COM