ABG Shipyard bags order worth Rs 370 crores

by khalid on 17/10/2010 · 0 comments

ABG Shipyard Ltd. has informed the share market(BSE) that they received order from Halul Offshore Services Company, W.L.L(HOSC) of Qatar and Manravi of Italy. As per the order, ABG Shipyard will construct 91 meter twin screw diving support vessel, equipped with sub-sea maintenance for Halul Offshore Services Company, W.L.L(HOSC). Halul is an offshore support services company jointly formed by Qatar Shipping Company and Qatar Navigation. This order is worth for USD 65 million.

For Marnavi Spa of Italy, ABG will build 63.8 meter twin screw 82T bollard pull Anchor Handling Tug Vessel(AHTV). Marnavi is a shipping company operating across the globe in chemical products and foodstuff transportation market. This order is worth for USD 17.5 million. ABG Shipyard is a premier ship manufacturing and repairing company of India. Previously, it operated under the name of Magdalla Shipyard Pvt. Ltd.

Share’s Data :-
BSE Code : 532682
Mkt. Cap: Rs 1,583.50 Crores
ABG Shipyard Ltd. share’s CMP is Rs 311.10 on 15th Oct 2010.

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