 | |
| Company type | Public |
|---|---|
| BSE: 532609 NSE: BHARTISHIP | |
| Industry | Shipbuilding |
| Founded | 1973 (1973) |
| Founder | Prakash C. Kapoor Vijay Kumar |
| Headquarters | , |
Key people | Prakash C. Kapoor,MD Vijay Kumar,MD |
| Services | Ship design Ship building Ship repair |
| Revenue | ₹13.52 billion (US$160 million) (2010)[1] |
 ₹1.38 billion (US$16 million) (2009-10)[1] | |
| Subsidiaries | Tebma Shipyard Private Limited Pinky Shipyard Private Limited |
| Website | bdil |
Bharati Defence and Infrastructure Limited (formerly Bharati Shipyard Limited) is one of the largestshipbuilding companies inIndia.
Bharati Shipyard Limited (BSL) was founded in 1973 inRatnagiri,Maharashtra by Prakash C. Kapoor and Vijay Kumar, graduates of the Ocean Engineering & Naval Architecture program atIndian Institute of Technology, Kharagpur, as well as colleagues atMazagon Dock Limited. The company went public in December 2004, with listings on theBombay Stock Exchange and theNational Stock Exchange.[2]
In 2005, BSL subsequently acquired a 51% stake in privately heldPinky Shipyard Private Limited based inGoa. In 2009, BSL won majority control of Great Offshore Limited in a bidding war with ABG Shipyard Limited.[3] In November 2010, BSL acquired a majority stake in South India based Tebma Shipyards for INR 757.5 Million.[4]
BSL bought the entire equipment and infrastructure of the iconic British shipyard,Swan Hunter, in 2007, after it declared bankruptcy.[5]
In 2015, the shipyard group found itself heavily indebted and in severe financial difficulties. In developing a restructuring plan, theEdelweiss Asset Reconstruction Company acquired 70 per cent of the debt from the lending banks and, as an indication of a desire to concentrate on defence business, the company's name was changed in 2015 to Bharati Defence and Infrastructure Limited.[6] In January 2019 theNational Company Law Tribunal declared the restructuring proposals from Edelweiss to be unacceptable and ordered the company's liquidation.[7]
Bharati Shipyard is headquartered inMumbai.[8] It operates shipbuilding facilities inRatnagiri,Dabhol,Mangalore andKolkata. It has structural quality assurance facilities atGhodbunder Road inThane district. Its subsidiary,Pinky Shipyard, has shipbuilding facilities inGoa.[1][9] Its subsidiary,Tebma Shipyard, has shipbuilding facilities inKarnataka,Kerala andTamil Nadu.[10]
BSL'sDabhol yard is one of the largest inIndia, spread over 300 acres. In 2007, BSL bought the entire equipment and infrastructure, of bankrupt British shipyard Swan Hunter. The infrastructure, including the iconic cranes and the floating dock, was dismantled, transported to India, and installed at BSL's Dabhol yard.[5]
Bharati Shipyard buildsjackup rigs,platform supply vessels, tractor and ASDtugs,dredgers, deep sea fishing vessels,bulk carriers,cargo andcontainer ships,tankers androll-on/roll-off vessels.
In March 2009, it was awarded a₹2.8 billion (US$33 million) contract to build 15 high-speedinterceptors for theIndian Coast Guard.[11]