ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NEW DELHI-Decay of Public Distribution

October 9, 1976 DAMODAR BULK CARRIERS is offering 9,49,880 equity shares of Rs 10 each at par to the public for subscription. The company is engaged in transportation of iron ore from India to Japan, South Korea, Taiwan and Europe and bringing back foodgrains from the US and Australia, and also runs a passenger-cum-cargo service between Bombay and Persian Gulf. Promoted by Salgaocars of Goa and P and O of London, the company began its operations in 1966 with a small ship of 2,000 DWT. Today it has four bulk carriers aggregating 224,018 DWT and a passenger-cum-cargo vessel of 4,615 DWT. Before the end of this month the company will launch a multi-purpose cargo ship of 21,610 DWT at the Hindustan Shipyard. With increase ' tonnage from 2,000 to 228,633 in i

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