Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Company''s recently acquired vessel has secured and commenced a term contract w. e. f. 21st ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The company has informed the stock exchange that its recently acquired vessel, M.V. Mahanadi, has secured a term contract commencing 21st September 2025. The minimum contract period is 4 months, with extension options for an additional 8 months (potentially up to 12 months total). The annual contract value for the vessel is approximately Rs. 36 crores. This is the first commercial deployment of the newly acquired vessel, marking its entry into active service.
Positive for shareholders — the Rs. 36 crore annual contract provides immediate revenue visibility and signals utilisation of the new acquisition. Extension options offer potential upside if the charterer renews beyond the initial 4-month minimum.