ABG Shipyard bags $264.68 mn orders

ABG Shipyard has bagged a repeat order for 2 vessels valued at $34.20 million from Lamnalco of Cyprus. The company has already delivered seven vessels to Lamnalco.

MUMBAI: ABG Shipyard has bagged a repeat order for 2 vessels valued at $34.20 million from Lamnalco of Cyprus. The company has already delivered seven vessels to Lamnalco.

ABG has also received orders for additional 2 vessels from Maridive and Oil Services of Egypt, valued at $46 million. The company has already delivered 3 vessels to Maridive and 4 vessels are under advance stage of construction.

Precious Shipping of Thailand and ESLL of Cyprus have placed order for 54,000 DWT bulk carrier for $184.48 million with the company. The total 54,000 DWT vessels under construction now stand at 12.

Including these orders, ABG's order book stands to Rs 8,277 crore.

At 10:58 am, ABG Shipyard shares were up 1.85 per cent at Rs 962 on BSE.
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