Dolphin Offshore Enterprises (India) Share Price

Incorporated in May.'79 as a private limited company, Dolphin Offshore Enterprises (India) (DOEL) was converted into a public limited company in May '94. It was promoted by Kirpal Singh. The company provides ancillary services like diving, underwater engineering, vessel management, oil exploration and drilling, pipeline inspections, geo-physical surveys and geo-technical services. The company has entered into a tie-up with the Singapore-based Sembawang Maritime (SML) which will provide the entire range of marine transportation and offshore logistics activities in India. The new joint-venture, SML-Dolphin Maritime Pvt Ltd, has 51% foreign equity participation. DOEL has successfully undertaken turnkey projects for N N N Japan, ONGC, Mazagon Dock, Essar Oil, Jindal Drilling and other organisations working on the Indian waters. On 31 Dec.'95, the company acquired its first ocean going vessel -- Ganga Dolphin. It is a survey-cum-utility vessel and the only one of its kind under the Indian flag. The company has received ISO 9002 Certification through American Bureau of Shipping ["ABS"] for marine management of vessels, diving and underwater engineering, management of fabrication and offshore turnkey projects and ship repairs. The company has completed the Mumbai North Clamp-on Project during 2001-02. The company is the sub-contractors to Larsen & Toubro Ltd for the turnkey offshore scope of work on the installation of clamps and platform. The company has acquired an Vessel M V Mernaid Explorer during January 2005 at a cost of US$ 2.15 million.This vessel has been acquired from Mermaid Marine Agencies Pvt Ltd.,Australia and the vessel has been renamed as Brahmaputra Dolphin.