India May Drop Experience Rule to Let Local Shipyards Bid on Large Vessels - The shipping ministry wants to drop a clause that requires yards to have prior experience building large vessels, the official said today, asking not to be identified as the matter is confidential. Indian shipbuilders may be selected if their bid is within 15 percent of the lowest offer, the official said, citing a note circulated to the cabinet. http://www.bloomberg.com/news/2010-11-01/india-said-to-consider-easing-curbs-on-yards-bidding-for-tanker-contracts.html
We had Value Buy in ABGSHIPYARD & BHARTISHIPYARD which is still undervalued
Indian Shipyard companies can now get more orders if market talks of proposed changes in Government policy to drop experience rule and Indian Company can get up to 15% higher prices compared to international bidder and Shipping Corporation alone can order $8billion by 2015.
ABG SHIP just trail profits now CMP Rs 477
BHARTI SHIP more rally is possible CMP Rs 266
