Garware Ltd receives LoA of contract from ONGC

New Delhi, Apr 4: Garware Offshore Services Ltd today received a letter of award (LoA) for a of contract from Oil and Natural Gas Corporation (ONGC) for its platform supply vessel -- M V Kamet.

The value of the contract will be Rs 25 crore per annum, a company statement said.

The vessel is scheduled to be delivered next month and the tenure of the contract will be five years.

The vessel, a state of the art UT755L design with clean notation, DP1 and FIFI 1 will be deployed in India.

UNI