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ABG Shipyard bags order from Shipping Corporation of India

01 Feb 2012 Evaluate

ABG Shipyard has bagged a prestigious order for construction of 6 Bollard Pull AHTS Vessels from Shipping Corporation of India. As per the order, company has to construct 6 Nos. 63 meter twin screw diesel engine driven 2000 OWT 80T Bollard Pull AHTS Vessel.

The order is worth $101.40 million (approx. Rs 500 crore). The company has to deliver the order by 15th to 25th month from the date of signing of contract with a gap of two months for each vessel. With this order, the company's total order book stands at Rs 16,600 crore.

ABG Shipyard is engaged in the business of carrying shipbuilding and ship repair business. The company has emerged as the largest private sector shipbuilding yard in India with satisfied customer base all around the world.

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