ABG Shipyard

TO SET UP SHIPYARD AT Rs 20 bn

Posted by : rvk41
Price when posted : BSE: Rs 398.25 ( 6.88 % ), NSE: Rs. 395.15 ( 6.60 % )

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ABG Shipyard has decided to set up a greenfield shipyard in south Gujarat with an investment of Rs 12 billion, reports Economic Times.

The new shipyard will be set up over 300 acres, largest among its two existing shipyards at Surat and at Dahej in Gujarat.

The new shipyard will cater to larger ships and offshore vessels. It will have a capacity of building six to eight ships a year.

The proposed shipyard will be set up near existing facility in Hazira and expected to be operational in three years.

The company expects that the new shipyard will be able to generate revenues of over Rs 20 billion every year.

For information,with regards
rvk41
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NSE Announcements on ABG Shipyard

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Price when posted : [ABG Shipyard - BSE:Rs. 367.25 NSE:Rs. 372.00 when posted]

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Abg Shipyard Limited has informed the Exchange that "Our company has been awarded with a Shield for Star Performer as Large Enterprise in the product group of Other Transport Equipments including Vessels in recognition of our outstanding contribution to Engineering Exports during the year 2006-07". Further the company has informed the Exchange that "We have been recipient of All India Trophy for Highest Exporters in the category of highest growth in export - Non SSI, for the fifth consecutive year and 6th overall i.e. 2000-01, 2002-03 & 2003-04, 2004-05 ,2005-06 & 2006-07 given by the engineering Export Council and also got trophy for highest exporter for highest growth in exports (non SSI) for our performance during the year 2003-04 awarded by the Engineering Export Promotion Council"....

BSE Announcements on ABG Shipyard

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Price when posted : [ABG Shipyard - BSE:Rs. 367.25 NSE:Rs. 372.00 when posted]

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ABG Shipyard Ltd has informed BSE that the Company has been awarded with a Shield for Star Performer as Large Enterprise in the product group of Other Transport Equipments including Vessels in recognition of Companys outstanding contribution to Engineering Exports during the year 2006-07....