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Duke Offshore bags contract from Daewoo-Tata JV

Duke Offshore surges 20% on bagging contract from Daewoo-Tata JV

The contract is for a period of 2 years with an extension option of up to 30 months and will start this month.

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Duke Offshore Ltd has been awarded a prestigious contract by Daewoo – Tata projects Limited JV to provide one initial high speed vessel to support construction for the Mumbai Trans Harbour Link project.

The contract is for a period of 2 years with an extension option upto 30 months and will start in the month of February 2019.

Shares of DUKE OFFSHORE LTD. was last trading in BSE at Rs.21.15 as compared to the previous close of Rs.22.7. The total number of shares traded during the day was 6599 in over 105 trades.

The stock hit an intraday high of Rs.23.7 and intraday low of 20.25. The net turnover during the day was Rs.143599.

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