ABG Shipyard bags order worth Rs 370 crore

ABG Shipyard, a domestic ship manufacturing and repairing company has received orders worth Rs 370 crore (approximately $82.5 million) from two different customers. The first order is worth $65 million from Qatar-based Halul Offshore, which is being jointly promoted by Qatar Shipping Company and Qatar Navigation.

The second order, of $17.50 million, is from Italian shipping company, Marnavi Spa, which is operating on the world chemical-product and foodstuff market. ABG Shipyard has also completed the acquisition of Western India Shipyard by acquiring about 61 per cent stake in the company and has got all regulatory approvals.