Bharati Defence and Infrastructure Limited (formerly known as Bharati Shipyard Limited) was incorporated on June 22, 1976. It began as a partnership firm in 1968 which was converted into a Limited company in 1976 and later to a public limited company in 1996. It has state of the art shipbuilding and fabrication facilities in, Dabhol, Ratnagiri, Goa, Mangalore, Chennai and Kolkata. Company’s IPO in 2004 was oversubscribed 78 times.

The company’s management includes pre design, ship building, ship repair, rig construction.

The company went into stress due to global and domestic slowdown in the shipbuilding industry leading to cancellation of contracts which resulted in building of unsustainable debt/financing costs.

It approached Corporate Debt Restructuring (CDR) cell for restructuring of debts under CDR scheme in Dec 2011. CDR scheme revoked by Lenders in August 2014 Post CDR, majority lenders sold their stake to Edelweiss, with Edelweiss ARC currently holding 82% secured debt.

Corporate Insolvency Resolution Process initiated by Edelweiss ARC under the provisions of Insolvency and Bankruptcy Code, 2016 with effect from 6 June 2017.

Business area of the company

The company’s product portfolio evolved from small-sized vessels and tugs to sophisticated offshore vessels like Platform Support Vessels (PSVs), Anchor Handling Support Vessels (AHTSVs), Offshore Support Vessels (OSVs), jack-up rigs; midsized LNG propelled vessels and smaller defence vessels.

It is also engaged in the business of design and construction of various types of sea going, coastal, harbour, inland crafts and vessels.

Product range includes cargo barges, dredgers, power packed ocean going tractor tugs, cargo ships, etc. BDIL also constructs specialised, sophisticated vessels for Exploration and Production (E&P) companies, coastal and the marine market sectors.

Services offered

• Vessel Construction i.e. Defence vessels and Commercial vessels
• Rig Construction
• Vessel Repair
• Rig Repair
• Fabrication facility
• Equipment Leasing