Hi Sri Krishna,
Today’s announcement on closer scrutiny has left me somewhat concerned. What is the contract worth in terms of revenues to the Co.? Why has the mgt. chosen to be silent about it ? What is the duration of this International Fleet review ? Is it 15 days or 6 months ?
A bigger concern is that these 10 high speed boats seem to be the same ones that were earlier leased to the Navy to petrol around the harbour. Are these now lying idle or has that contract with the Navy been renewed? I fear it’s the former.
For me the crucial event will be the acquisition of the second OPV. At the AGM, the mgt had indicated that it should happen around December / January. Hopefully, it will happen on schedule n the Co. could continue with its onward journey, though the Co. chose to be silent about it in today’s announcement. Keeping my fingers crossed!
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