ABG Ship gets orders worth Rs 1,042 cr

MUMBAI: ABG Shipyard on Monday said it has bagged orders worth Rs 1,042 crore from three overseas companies based in Cyprus and Egypt. The company has received a $34.2 million (Rs 134.69 crore) repeat order from Lamnalco, Cyprus, for delivery of production support vessel, ABG Shipyard informed BSE.

The company till date has delivered seven vessels to Lamnalco and five more are under construction, ABG said. Cyprus-based Precious Shipping Public Company has placed a $184.48 million (Rs 726.49 crore) order for constructing five dead weight tonne bulk carrier. Further, ABG Shipyard said it has secured a repeat order of $46 million (Rs 181.14 crore) for additional two anchor handling vessels to Egypt-based Maridive and Oil Services.