Jessop to set up shipbuilding project in Haldia

Kolkata, July 28 (IANS) Jessop, a company of the Ruia Group, is planning to invest Rs.12.5 billion in West Bengal to set up a shipbuilding and repairing project and a coach manufacturing unit for underground railway systems. The group is also contemplating a public offering of Jessop, which in turn could be used to part finance the shipbuilding project at Haldia in East Midnapore district, said Pawan Ruia, chairman of Ruia Group.