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Great Offshore bags Rs.234 cr. engineering services contract
July 28th, 2008. 
 

Great Offshore has been awarded a lump-sum turn key engineering contract of around Rs. 234 crores by ONGC. The contract execution is scheduled to be completed by middle of CY 2010.


The Engineering Procurement Installation & Commissioning contract scope involves carrying out engineering , procurement , fabrication , transportation and installation of barge bumpers, boat landings, riser protectors on 79 ONGCs offshore platforms; aimed at accomplishing ONGCs commitment to enhancing safety. The work will be carried out at production/ process platforms in the western Indian fields of Mumbai High, Bassein & Satellite and Neelam & Heera.


This contract represents an important milestone in Great Offshore’s attempt to grow its engineering services and projects earnings to complement its offshore logistics and drilling services earnings. Consolidated revenues from engineering services and projects undertaken during FY 2007-08 attributed to around Rs.25 crores.


“It’s been our consistent endeavour to diversify the growth drivers for our business. This contract is a big step in that direction. It is a formidable leap for the Company in terms of business positioning. As in the past, it is the company’s endeavour to live up to the expectations and aspirations of all our stakeholders.” – Vijay K Sheth- Vice Chairman cum Managing Director

 

Information on Buyback of Equity Shares from Open Market
July 23rd, 2008. 
 

With reference to the “Public Announcement” dated April 16, 2008 and as per Regulation 15(i) of Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998, the shareholders of the Company are hereby informed that for the fortnight ending July 21, 2008, the Company has purchased 8,79,615 (Eight lakh seventy nine thousand six hundred and fifteen) equity shares from NSE and 1000 (One thousand) equity shares from BSE totaling 8,80,615 (Eight lakh eighty thousand six hundred and fifteen) equity shares.


The said purchase amounts to 91.04% of the amount envisaged as per the “Public Announcement”.

 

Meeting of the Board of Directors of the Company scheduled to be held on July 30, 2008
July 11th, 2008. 
 
A Meeting of the Board of Directors of the Company will be held on July 30, 2008 at 2.00 p.m. at the Board Room,Energy House, 81, Dr D N Road, Mumbai-400001 to consider the Unaudited financial results of the Company for the first quarter ended on June 30, 2008. 

Third Annual General Meeting held on July 10, 2008
July 11th, 2008. 
 

Third Annual General Meeting of the Company was held on July 10, 2008. The business as mentioned in the notice convening the said meeting was transacted in detail.


All the resolutions, including declaration of pro-rata dividend @ 5.66% on Optionally Convertible Redeemable Preference Shares and final dividend @ of Rs 8/- per equity share for the financial year 2007-08 were passed unanimously.

 

Public Announcement in respect of Buy back
July 7th, 2008. 
 
Click here to view the Public Announcement For the attention of the shareholders/Beneficial owners of the equity shares of Great Offshore Limited in respect of buy-back. 


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