Pipavav Shipyard Limited

Pipavav Shipyard project was originally conceived and implemented bySKIL Infrastructure Limited (SKIL).In September 2007,Punj Lloyd Limited (PLL) acquired a substantial stake in the Company, and now, both SKIL and PLL are co-promoters of the company. The shipyard is being constructed on 84.99 hectares (equivalent to 210 acres or 849,000 square meters) of land, adjoining 800 meters of dedicated waterfront. PSL has access to additional land in a nearby parcel of approximately 572 acres. Since additional land is acquiring formal approval for being converted into a Special Economic Zone, PSL will have the added advantage of being able to carry out some of its activities through a highly tax-efficient SEZ unit. A considerable part of the development activity has already been carried out. Infrastructure developed so far includes two large wet docks(wet basins) with a length of 680 meters each and widths of 65 meters and 60 meters. These wet basins are being converted into dry docks which will be used for construction and repair of ships and will be the largest in India and amongst the largest in the world. The contract for the first of these dry docks was awarded in April 2007 toAFCONS Infrastructure Limited, one of India’s leading companies involved in executing large and complex civil engineering projects at home and abroad, with emphasis on jetties, docks, harbours, roads, bridges & special foundations. AFCONS is part of theShapoorji Pallonji construction conglomerate The first dry dock is scheduled for completion in Q3 2008. Various sophisticated equipment is already in place such as IHI cranes, sky masters, gantry cranes, gas cutting automated self-propelled gas cutting equipment and hydraulic material handling equipment along with infrastructure utilities such as oxygen generation plant, pollution control facilities, LPG system and fire fighting systems.