September 07, 2008

Bharati Shipyard, Apeejay forms JV for ship building unit

BL reported that Bharati Shipyard and the Apeejay Surendra group have proposed to set up an INR 2,200 crore ship manufacturing unit in Orissa and has identified Dhamara in Bhadrakh district as the location for the project.

It will be developed in 3 phases as a JV between the 2 companies. Around 1,050 acres will be required for setting up the ship manufacturing and repairs unit. The steel requirement for the plant is estimate at 75,000 tonnes per annum during the first phase, 230,000 tonnes during the second phase and 400,000 tonne during the third phase.

Mr Ashok Dalwai industry secretary of Orissa said that “The plan is in the preliminary stage of discussion and nothing has firmed up yet.”

More than 40,000 persons are likely to get direct and indirect employment under the project. According to a projection, during the first phase 2,250 persons will be directly employed. Similarly, about 7,300 persons are likely to get employment during the second phase. While 9,000 persons are likely to be benefited by indirect employment in the first phase, about 20,000 persons are likely to get indirect employment during the second phase. In total, about 41,000 persons are likely to get direct and indirect employment.