Bharati Shipyard

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Bharati Defence and Infrastructure Limited (previously referred to as Bharati Shipyard Limited) became incorporated on June 22, 1976. It started as a partnership firm in 1968 which was transformed right into a Limited employer in 1976 and later to a public limited organisation in 1996. It has country of the art shipbuilding and fabrication facilities in, Dabhol, Ratnagiri, Goa, Mangalore, Chennai and Kolkata. Company’s IPO in 2004 became oversubscribed seventy eight instances

BDIL’s product portfolio advanced from small-sized vessels and tugs to sophisticated offshore vessels like Platform Support Vessels (PSVs), Anchor Handling Support Vessels (AHTSVs), Offshore Support Vessels (OSVs), jack-up rigs; midsized LNG propelled vessels and smaller defence vessels. It is also engaged in the enterprise of design and construction of diverse types of sea going, coastal, harbour, inland crafts and vessels. Product range consists of cargo barges, dredgers, power packed ocean going tractor tugs, shipment ships, and so forth. BDIL also constructs specialised, state-of-the-art vessels for Exploration and Production (E&P) corporations, coastal and the marine market sectors.

The enterprise’s management consists of pre design, ship building, deliver repair, rig production

Company went into stress due to worldwide and home slowdown inside the shipbuilding industry leading to cancellation of contracts which resulted in building of unsustainable debt/financing charges

It approached Corporate Debt Restructuring (CDR) mobile for restructuring of debts beneath CDR scheme in Dec 2011. CDR scheme revoked by means of Lenders in August 2014 Post CDR, majority creditors sold their stake to Edelweiss, with Edelweiss ARC currently maintaining ~82% secured debt

Corporate Insolvency Resolution Process initiated with the aid of Edelweiss ARC below the provisions of Insolvency and Bankruptcy Code, 2016 with impact from 6 June 2017

Bharati Defence and Infrastructure Limited (previously referred to as Bharati Shipyard Limited) was incorporated on June 22, 1976. It commenced as a partnership company in 1968 which became transformed into a Limited agency in 1976 and later to a public constrained enterprise in 1996. It has nation of the art shipbuilding and fabrication facilities in, Dabhol, Ratnagiri, Goa, Mangalore, Chennai and Kolkata. Company’s IPO in 2004 became oversubscribed 78 instances

Bharati Defence And Infrastructure Limited (formerly Bharati Shipyard Limited) is one of the largest shipbuilding companies in India.

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