Greatship (India), a wholly owned subsidiary of The Great Eastern Shipping Company has signed a contract to buy a 2015-built 4000 dwt platform supply vessel (PSV). The vessel is expected to join the company's fleet during Q4FY2015.

GIL and its subsidiaries currently own and operate four PSVs, nine AHTSVs, two MPSSVs, six ROVSVs and three Jack up rigs and have one mobile offshore self-elevating jack up rig under construction in UAE.

Shares of the company gained Rs 15.85, or 4.46%, to settle at Rs 371.30. The total volume of shares traded was 106,942 at the BSE (Tuesday).