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Dolphin Offshore Enterprises (India) Limited has entered into a lease agreement through its wholly owned subsidiary, Beluga International DMCC, with Ballast Shipping S.A. DE C.V. for the "Prabha" DP2 Accommodation Barge, previously known as "Vikrant Dolphin." This lease is set for a duration of three years, with a total estimated value of approximately USD 32.85 million, equivalent to around INR 281 crores. Notably, this agreement does not include special rights for either party, and there are no related party transactions involved. This move reflects Dolphin's strategic positioning in the accommodation barge sector, which could enhance operational capabilities and revenue potential. Investors may see this as a positive development, signaling the company's ongoing commitment to expanding its operational footprint.
All announcements from Dolphin Offshore Enterprises (India) Limited