Liberian Company To Buy Ship Value $24.5M From Chambal Fertilisers & Chemicals Ltd

Chambal Fertilisers and Chemicals Ltd today received the board’s approval for sale of one of its ships to Liberian company Railto Navigation for Rs USD 24.5 million (approximately Rs 157 crore).

The sale of the ship ‘Ratna Shalini’ is expected to be completed by July 15, the company said in a BSE filing.

The book value of the ship was Rs 194.04 crore as on March 31, 2017, it added.

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Source: News Now/ Daily News & Analysis

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About Cholo Brooks 13197 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.