ABG Shipyard to invest Rs 5,000 crore in Gujarat

Has also planned to expand its Dahej and Magdalla facilities on an estimated cost of Rs 2,000 crore

ABG Shipyard Ltd, India’s largest private shipbuilder, is planning to invest Rs 5,000 crore in Gujarat to develop the state’s coastline.

The company has announced to build a greenfield shipyard in three phases for which it has submitted its proposal to the state government during the on-going Vibrant Gujarat Global Investors Summit 2013. This will be ABG Shipayard’s third facility in Gujarat and is likely to generate employment for about 4,500 people.

The company has also planned to expand its facilities at Dahej and Magdalla in three phases, with an estimated investment of Rs 2,000 crore.

It’s existing shipyard at Surat (Magdalla Shipyard) is a sophisticated manufacturing facility with amenities like a “Ship-lift” with a lift capacity of 4,500 tonnes, side transfer facilities, CNC plasma cutting machines, bending rolls, hydraulic press, cold shearing machines, frame bending machines and steel processing machinery.

ABG’s second state-of-the-art facility is located at Dahej with a total area of approximately 620,000 sq mts.

The new shipyard is one of the largest and most modern Shipyards in India with a capacity to build ships upto approx 300 metres in length and 120,000 DWT. On April 18, 2011, ABG launched a 32,000 DWT bulk carrier from the Dahej facility.