Vard subsidiary wins $24 mil contract with India’s Cochin Shipyard

SINGAPORE (Sept 13): Vard Holdings, the ship designer and builder, has secured a new equipment and electrical installation contract with India’s top public sector shipyard, Cochin Shipyard worth NOK 150 million ($24.7 million)

The contract involves engineering support in the approval process, delivery of propulsion and automated systems as well as generators and electrical installation for a government of India vessel.

Vard’s subsidiary, Vard Electro will provide the engineering and installation services for the project, while building up the company’s engineering and production capabilities in India.

---

Related Stories

• Vard sees 4Q losses double to NOK 131 mil on lower margins after reassessment
• Vard Holdings kept at 'hold' as it awaits delisting approval
• Vard kept at ‘hold’ despite diversification efforts

---