{{Use dmy dates|date=November 2018}} {{Use Indian English|date=November 2018}} {{Infobox company | name = Bharati Defence and Infrastructure Limited | logo = BhartiShipyardlogo.jpg | type = Public | traded_as = {{BSE was|532609}} <br/> {{NSE was|BHARTISHIP}} | foundation = {{start date|1973}} | founder = Prakash C. Kapoor<br/> Vijay Kumar | location_city = Mumbai | location_country = India | area_served = | key_people = Prakash C. Kapoor, MD<br/> Vijay Kumar, MD | industry = Shipbuilding | products = | services = Ship design <br/> Ship building <br/> Ship repair | revenue = {{INRConvert|13.52|b}} (2010)<ref name=bsl-ar2010>{{cite web|url=http://www.bharatishipyard.com/images/AnnualReport2010.pdf|title=Annual Report 2009-10|publisher=Bharati Shipyard Limited|accessdate=2011-09-11|url-status=dead|archiveurl=https://web.archive.org/web/20120325210817/http://www.bharatishipyard.com/images/AnnualReport2010.pdf|archivedate=2012-03-25}}</ref> | operating_income = | net_income = {{profit}} {{INRConvert|1.38|b}} (2009-10)<ref name=bsl-ar2010/> | assets = | equity = | num_employees = | parent = | divisions = | subsid = Tebma Shipyard Private Limited <br/> Pinky Shipyard Private Limited | slogan = | homepage = {{URL|bdil.co.in}} | footnotes = | intl = }}

'''Bharati Defence and Infrastructure Limited''' (formerly Bharati Shipyard Limited) is one of the largest shipbuilding companies in India.

==History== Bharati Shipyard Limited (BSL) was founded in 1973 in Ratnagiri, Maharashtra by Prakash C. Kapoor and Vijay Kumar, graduates of the Ocean Engineering & Naval Architecture program at Indian Institute of Technology, Kharagpur, as well as colleagues at Mazagon Dock Limited. The company went public in December 2004, with listings on the Bombay Stock Exchange and the National Stock Exchange.<ref name=bse-532609>{{cite web|url=http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532609|title=Bharati Shipyard Ltd.|publisher=BSE|accessdate=2011-09-11|archive-date=22 September 2012|archive-url=https://web.archive.org/web/20120922124649/http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532609|url-status=dead}}</ref>

In 2005, BSL subsequently acquired a 51% stake in privately held ''Pinky Shipyard Private Limited'' based in Goa. In 2009, BSL won majority control of Great Offshore Limited in a bidding war with ABG Shipyard Limited.<ref name=bs-anonmail>{{cite news|url=http://www.business-standard.com/india/news/anonymous-mail-tries-to-sink-bharati-/441268/|title=Anonymous mail tries to sink Bharati|publisher=Business Standard|date=2011-07-02|accessdate=2011-09-10}}</ref> In November 2010, BSL acquired a majority stake in South India based Tebma Shipyards for INR 757.5 Million.<ref name=reuters-tebma>{{cite news| url=http://in.reuters.com/article/idINIndia-53093620101123 | archive-url=https://web.archive.org/web/20160307034442/http://in.reuters.com/article/idINIndia-53093620101123 | url-status=dead | archive-date=7 March 2016 | work=Reuters | title=Bharati Shipyard plans to acquire majority stake in Tebma | date=2010-11-23}}</ref>

BSL bought the entire equipment and infrastructure of the iconic British shipyard, Swan Hunter, in 2007, after it declared bankruptcy.<ref name=mint-bslsh>{{cite web|url=http://www.livemint.com/2007/04/16125830/Bharati-Shipyard-shifting-Swan.html |title=Bharati Shipyard shifting Swan Hunter yard to India - Corporate News |publisher=livemint.com |date=2007-04-16 |accessdate=2010-11-23}}</ref>

In 2015, the shipyard group found itself heavily indebted and in severe financial difficulties. In developing a restructuring plan, the Edelweiss Asset Reconstruction Company acquired 70 per cent of the debt from the lending banks and, as an indication of a desire to concentrate on defence business, the company's name was changed in 2015 to Bharati Defence and Infrastructure Limited.<ref>{{cite news |title=Bharati Shipyard board okays name change to reflect focus on defence sector |url=https://www.business-standard.com/article/companies/bharati-shipyard-board-okays-name-change-to-reflect-focus-on-defence-sector-115073101572_1.html |accessdate=29 January 2019 |work=Business Standard |date=31 July 2015 |location=New Delhi/Mumbai}}</ref> In January 2019 the National Company Law Tribunal declared the restructuring proposals from Edelweiss to be unacceptable and ordered the company's liquidation.<ref>{{cite news |last1=Manoj |first1=P |title=NCLT orders liquidation of Bharati Defence |url=https://www.thehindubusinessline.com/companies/nclt-orders-liquidation-of-bharati-defence/article26000863.ece |accessdate=29 January 2019 |work=The Hindu - Business Line |date=16 January 2019 |location=Mumbai}}</ref>

==Facilities== Bharati Shipyard is headquartered in Mumbai.<ref>{{cite web|url=http://www.bharatishipyard.com/contactus.html|title=Contact Us|publisher=Bharati Shipyard Limited|accessdate=2010-11-23|url-status=dead|archiveurl=https://web.archive.org/web/20100516153437/http://www.bharatishipyard.com/contactus.html|archivedate=2010-05-16}}</ref> It operates shipbuilding facilities in Ratnagiri, Dabhol, Mangalore and Kolkata. It has structural quality assurance facilities at Ghodbunder Road in Thane district. Its subsidiary, ''Pinky Shipyard'', has shipbuilding facilities in Goa.<ref name=bsl-ar2010/><ref name=bsl-index>{{cite web|url=http://www.bharatishipyard.com/index_view.html|title=Home|publisher=Bharati Shipyard Limited|accessdate=2010-11-23|url-status=dead|archiveurl=https://web.archive.org/web/20110707231535/http://www.bharatishipyard.com/index_view.html|archivedate=2011-07-07}}</ref> Its subsidiary, ''Tebma Shipyard'', has shipbuilding facilities in Karnataka, Kerala and Tamil Nadu.<ref name=bs-bslbase>{{cite news|url=http://www.business-standard.com/india/news/bharati-shipyard-buildingstrong-base/416031/|title=Bharati Shipyard: Building a strong base|publisher=Business Standard|date=2010-11-25|accessdate=2011-09-11}}</ref>

BSL's Dabhol yard is one of the largest in India, spread over 300 acres. In 2007, BSL bought the entire equipment and infrastructure, of bankrupt British shipyard Swan Hunter. The infrastructure, including the iconic cranes and the floating dock, was dismantled, transported to India, and installed at BSL's Dabhol yard.<ref name=mint-bslsh/>

==Products== ''Bharati Shipyard'' builds jackup rigs, platform supply vessels, tractor and ASD tugs, dredgers, deep sea fishing vessels, bulk carriers, cargo and container ships, tankers and roll-on/roll-off vessels.

In March 2009, it was awarded a {{INRConvert|2.8|b}} contract to build 15 high-speed interceptors for the Indian Coast Guard.<ref name=bs-281cr>{{cite news|url=http://www.business-standard.com/india/news/bharati-shipyard-bags-rs-281-cr-defence-contract/56236/on|title=Bharati Shipyard bags Rs 281cr defence contract|publisher=Business Standard|date=2009-03-06|accessdate=2011-09-10}}</ref>

==References== {{reflist}}

Category:Shipbuilding companies of India Category:Manufacturing companies based in Mumbai Category:1973 establishments in Maharashtra Category:Indian companies established in 1973 Category:Manufacturing companies established in 1973 Category:Companies formerly listed on the National Stock Exchange of India Category:Companies formerly listed on the Bombay Stock Exchange