Dolphin Offshore soars to upper circuit on Rs 87cr order
BS Reporter / Mumbai May 22, 2009, 16:28 IST
The stock zoomed 10% to Its upper circuit limit of Rs 263 and ended there with buy orders of 260 shares still pending. Around 29,391 shares were traded on the BSE today.
______________________________________________________ (Updated at 1159 hrs)
Dolphin Offshore opened at Rs 250, touched a low of Rs 240 and then zoomed to a high of Rs 262, up nearly 10% from previous close. The stock is currently trading at Rs 254, up 6.5%. The counter witnessed trades of 16,690 shares on the BSE so far.
Dolphin Offshore Enterprises India, an integrated services provider to the offshore oil and gas sector, has been awarded a contract for charter hire of DP/DSV Vessel by Leighton India.
The value of the said contract is $18.45 million (approx. Rs 87 crore) for a period of 6 months with an option for Leighton to extend it for another 60 days. If extended, the total value of the contract will be $24.6 million (approximately Rs 116 crore). This contract will commence end September - early October 2009.
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