In terms of Reg 30 and other applicable provisions of the SEBI LODR Reg 2015, we wish to inform you that the Company has signed Contract with M/s Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG in Hamburg, Germany for the Construction of Four Hybrid Multi Purpose Vessels at a total value of USD 62.44 Million. The detailed disclosure in this regard is enclosed.