The Government holds a 72% stake in Cochin Shipyard through the Ministry of Shipping. The company has a facility to construct ships weighing upto 1.1 lakh dead weight tonnes. It has a track record of constructing 175 vessels, and prior experience of building an aircraft carrier. It is therefore well placed to win the order of a new aircraft when it will be awarded.
Shapoorji Pallonji Group’s Afcons Infra to float Rs 5,430-cr IPO on October 25
Afcons Infrastructure Ltd, a part of the Shapoorji Pallonji Group, is set to launch a Rs 5,430-crore IPO on October 25, featuring both fresh shares