12 Jun 07 Bharati Shipyard gets new orders for 2 new ships

Bharati Shipyard, one of India’s leading ship building companies, has informed the stock exchanges that it has received a new order from a Norwegian firm for supplying two anchor handling tugs for support to the offshore rigs. Tugs are those ships (vessels) which are used to pull/dragÃ‚Â oil drilling offshore rigs (like ONGC’S bombay high). Bharati Shipyard recently received an order from Great Offshore forÃ‚Â a multipurpose offshore support vessel. With this new order, Bharati Shipyard has a bulging order book of 41 ships or Rs. 3725 crores. I like companies with huge order books since it gives good earnings visibility. Bharati Shipyard looks good both in terms of valuations and also in terms of its huge order book size. Bharati Shipyard thus enters the list of stocks I track.