Bharati Defence and Infrastructure Limited
Bharati Defence and Infrastructure Limited engages in the design and construction of sea-going, coastal, harbour, and inland crafts and vessels. The Company offers inland cargo barges, deep-sea trawlers and dredgers, tractor tugs, cargo ships, tankers, and other support vessels required for the offshore industry.
What Bharati files
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BHARATI DEFENCE AND INFRASTRUCTURE postponed its AGM, citing hurdles from its recent exit from CIRP/Liquidation. Trading remains suspended. RTA services are halted due to unpaid fees, causing difficulties in shareholder identification. Key governance and investor access issues persist.
The National Company Law Tribunal (NCLT) has ordered the disposal of pending applications in the liquidation process of Bharati Defence and Infrastructure Limited, formerly Bharati Shipyard Limited. This follows an application from the Liquidator and impacts the ongoing proceedings related to the company's restructuring. The outcome of these proceedings could...
Total revenue from operations for the quarter was ₹1,072.62 crore, showing a robust growth of approximately 15% compared to the same period last year. This revenue uptick can be attributed to increased demand in both the defence manufacturing sector and windmill operations, alongside operational improvements that have enhanced productivity. The...
For the quarter and half-year ending September 30, 2024, Bharati Defence and Infrastructure Limited reported total revenue from operations of ₹5,029.89 crore, with a noteworthy year-on-year performance improvement attributed to strategic market expansion and operational efficiencies. The company recorded a net loss of ₹8,04,902.84 crore compared to a higher loss...
**Consolidated Financials:** For the quarter ended June 30, 2024, Bharati Defence and Infrastructure Limited reported consolidated revenue from operations amounting to ₹50.30 crore, consistent with the preceding quarters. **Revenue Growth:** Despite facing challenges due to the liquidation process during earlier periods, the year-on-year revenue performance shows stabilization, attributing this to...