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Bharati Defence and Infrastructure delivers vessel to Indian Coast Guard

Capital Market 

On 10 November 2017

Bharati Defence and Infrastructure has delivered on 10 November 2017 the fifth in the series of 15 High Speed Interceptor Boat being constructed for the Indian Coast Guard from Mangalore Yard.

The delivery of the vessel comes as a shot in the arm for the Company since it was accomplished in a challenging fund constrained situation and despite, being under Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 16 2017. 18:19 IST