ABG Shipyard bags Rs 127 cr contract from Italian co

MUMBAI: ABG Shipyard on Thursday said it has bagged a Rs 127 crore order from an Italian company for construction of shipping vessel.

The company has bagged an order from Italy-based Marnavi Spa for construction of a vessel for anchor handling, towing, offshore supply operations, ABG said in a filing to the Bombay Stock Exchange.

The vessel would be of 2,500 Dead Weight Tonne and with an approximate length of 72 meter.

Shares of ABG were trading at Rs 423.70, up 1.92 per cent on the BSE.