The contracts were terminated by the owners in January, 2011. Later SCI signed the shipbuilding contracts with Cochin Shipyard in February, 2011 at New Delhi.
These vessels are in advance stage of construction and will now be delivered to SCI in July 2011 & September, 2011, the statement adds.
Shares of SCI are currently trading down 0.19 percent at Rs. 106 on the Bombay Stock Exchange.
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