Shipyard seeks loan

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  • Published 19.06.11

Calcutta, June 18: Shalimar Works (1980) Ltd, a small ship-building and repairing yard, is looking for a loan of about Rs 10 crore from the state government. The financial aid will help the ailing unit under the Bengal government to upgrade its infrastructure to expand its order book and ensure timely delivery of vessels.

“At present, we receive about Rs 25 lakh financial support from the state government. But majority of it is utilised in the payment of wages of full-time and part-time workers. Very little is left for undertaking capital expenditure to develop the yard,” Somdev Chatterjee, managing director of Shalimar Works, said on the sidelines of the launch of a 500-tonne fuel barge, Poshak, for the Indian Navy. The ship will serve the navy by supplying fuel to other ships as well as aircraft.

The company has 600 workers, 138 of whom are permanent.

Shalimar Works has also sought the cooperation of the Calcutta Port Trust (CPT). “Our capacity to process and repair ships is limited to 5 vessels at a time. This can be increased if we can expand our area of operation. For that we require the support of CPT,” said Chatterjee.

The company is also mulling to shift operations to Haldia if adequate land is available there.

State industry minister Partha Chatterjee, who was present at the launch of Poshak, said, “Shalimar Works is an important public sector unit. The only way the company can get more orders is to ensure that the vessels are delivered to all customers in time. As the order book grows, so will the company.”