ABG Shipyard

ABG Shipyard Limited is an Ahmedabad-based shipbuilding company in India.

ABG Shipyard Ltd.
TypePublic company
BSE: 532682
NSE: ABGSHIP
IndustryShipbuilding
Founded1985
Headquarters
Mumbai
,
India
Key people
Rishi Agarwal (Chairman)
Ram swaroop Nakra (Managing director)
DP Gupta (Vice president)
Subas Gantayat (Vice president)
ServicesShip design
Ship building
Ship repair
Number of employees
250
Divisions2
Websiteabgindia.com

History

ABG Shipyard Ltd is a part of the ABG Group of companies with diversified business interests. Established in 1985, it is headquartered in Mumbai. It has shipbuilding operations in Surat and Dahej in Gujarat. Following its acquisition of Western India Shipyard Limited in October 2010, it operates a ship repair unit in Goa which is the largest ship maintenance facility in India.[1]

Products

ABG Shipyard Ltd builds a range of commercial vessels. These include self-loading and self-discharging bulk carriers, container ships, floating cranes, split barges, anchor handling tugs, dynamic positioning ships, offshore supply vessels and diving support vessels.

ABG was granted clearance from the Government of India to build warships and various other vessels for the Indian Navy. It was the second corporate shipyard to receive this licence after Pipavav Shipyard.

In 2004, it was awarded a contract to build pollution-control vessels for the Indian Coast Guard.[2][3] In 2009, the Shipyard was selected to build 11 high-speed water jet propelled interceptors for the Coast Guard.[4]

In June 2011, ABG Shipyard Ltd was awarded a ₹9.7 billion (US$140 million) deal to build two cadet training ships for the Indian Navy.[5] In January 2012, it won an order of 5 billion order from Shipping Corporation of India taking its order book to about ₹200 billion (US$2.8 billion).. In July 2017, the company agreed to file for insolvency. https://www.livemint.com/Companies/9l54Fk4aQfCCnkZ7wt84pN/ABG-Shipyard-agrees-to-insolvency-proceedings.html

Peers

See also

References
  1. "ABG Shipyard completes acquisition of Western India Shipyard". Business Standard. 15 October 2010. Retrieved 10 September 2011.
  2. "Coast Guard staff had role in swinging deal with ABG". IBN Live. 19 December 2007. Retrieved 10 September 2011.
  3. "Rolls-Royce and ABG Shipyard Ltd prepare Indian Coast Guard for oil emergency role". Rolls-Royce plc. 25 October 2004. Retrieved 10 September 2011.
  4. "Interceptor boats built by ABG commissioned at Kochi". The Times of India. 31 March 2011. Retrieved 10 September 2011.
  5. "ABG Shipyard inks Rs 970-cr deal with Indian Navy". The Hindu Business Line. 28 June 2011. Retrieved 10 September 2011.
https://www.livemint.com/Companies/9l54Fk4aQfCCnkZ7wt84pN/ABG-Shipyard-agrees-to-insolvency-proceedings.html
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