The company’s bulk capacity is expected to increase significantly with the purchase of the new ships, which will cost $180m, chief financial officer G Shivakumar told investors during a conference call.
It will also buy a product tanker.
GE has placed a $200m order for a rig, due for delivery by the end of this fiscal year.
Shivakumar said 50% of the planned capex will come in financial year 2015, while the remainder will be shared equally in 2016 and 2017.
GE
