Pipavav Shipyard to foray into defence biz
Punj Lloyd, which is looking to enter new avenues to expand margins is keen to get a pie of the defence business which is slowly opening up for the private sector. Being one of the promoters in Pipavav Shipyard will help it expand faster. The Pipavav Shipyard would be one of world's biggest shipyard once completed and it won’t be limited to manufacturing rigs.
