Shreyas Shipping to purchase petroleum tanker vessel for Rs 60 cr

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New Delhi, Dec 11 (UNI) Shreyas Shipping and Logistics Ltd today said it has signed Memorandum of Agreement (MoA) for purchase of 29,990 DWT petroleum tanker vessel, at a cost of about Rs 60 crores.

''The proposed acquisition is in line with our plans of expansion and diversification,'' said a company statement.

With this purchase, the company will venture into a operations in maritime transport and launch a new vertical for additional revenue generation, it added.

UNI

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