Duke Offshore’s new contract triggers share hike
DSIJ Intelligence / 28 Jul 2017
The award of a new contract for its newly purchased crew boat called Duke Express by Duke Offshore has triggered its share to soar by over 10% during Friday trading session.
The award of a new contract for its newly purchased crew boat called Duke Express by Duke Offshore has triggered its share to soar by over 10% during Friday trading session.
The vessel will operate in Mumbai Harbour in order to support specialised dredging operations of a multinational dredging corporation joint venture and the contract is expected to begin from early September.
The stock was trading higher by 10.65% at Rs 104.95 per share on BSE at 1000 hours. It touched its intraday high and low at Rs 110 and Rs 101.10 respectively.
Duke Offshore is engaged in marine offshore vessels service. Its Offshore Vessel and Marine Management Division provides offshore support vessels, such as supply vessels, crew boats and hook up/accommodation barges.
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