Bharati Shipyard said on Thursday that it would be setting up a new shipbuilding yard at Usgaon near Dabhol port in Maharashtra, at an estimated cost of Rs 600 crore. The proposed yard, which will have the capacity to build up to 1-lakh DWT vessels in the first phase, is scheduled to be completed in two years. The yard would be spread over an area of 250 acres, of which Bharati has already acquired 180 acres.
Source: Hindu Business Line
10th January, 2008