Delta Corp Building ₹150 Crores Vessel To Replace The Caravela

Delta Corp Ltd. is building a new vessel to replace the Deltin Caravela! The total investment of the new vessel is going to be ₹150 Crores which will be ready to be anchored in the Mandovi river by 2022! The vessel is being built by Waterways Shipyard, in which Delta Corp subsidiary, Delta Pleasure Cruise Company, acquired a 45% stake in October 2020. Waterways Shipyard also built Delt Corp’s first vessel the Royale, now known as the Deltin Jaqk.

According to a report in the Times Of India, the new vessel will be bigger than the Deltin Royale and is expected to bring in as much revenue as both Deltin JAQK and Deltin Royale combined! Hardik Dhebar, Delta Corp CFO, said,“We have three licences and one of our vessels is a very small boat called the Deltin Caravela, which is what we are looking to upgrade to a larger vessel. We started building that vessel some time ago and we believe that in the next 12-18 months, we should have a brand new vessel indigenously built in the river.”The vessel is expected to recover the investment in a year’s time! 

Also Check: Delta Corp Ltd. Share Stock Rises As The New Resort Gets Approved

The company is also finalizing plans to build an integrated resort at Pernem on a 100 acre land located close to the under-construction Mopa Airport. “We are going to invest in the hope that in the four to five years that it will take us to build the integrated electronic casino, the government will change the policy and the law and permit live gaming on-shore,” Dhebar said earlier this month at an investor conference as per TOI.

The company saw a decline in its net profit by 97.68% in the final quarter of the 2020 as the Sales declined by 41.10% to ₹120.82 crore.Hopefully everything goes to plan and we can enjoy a new place to play our favourite casinos games and have fun! 

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Delta Corp Building ₹150 Crores Vessel To Replace The Caravela

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