ABG Shipyard scouts for investors to improve finances

Image
Press Trust of India New Delhi
Last Updated : Apr 15 2015 | 4:57 PM IST
ABG Shipyard today said it is scouting for investors for improving its finances and its operational performance.
"The company is exploring the possibility of the investors so as to improve its financial and operational strength," ABG Shipyard said in a regulatory filing to the BSE.
The company said that talks are at a preliminary stage.
At present, ABG Shipyard's total order book stands at Rs 12,000 crore, of which defence orders are worth Rs 1,500 crore, the rest being commercial.
ABG Shipyard is a leading private sector shipbuilding yard with a customer base all around the world. The company has executed many Shipbuilding and Ship-repair contracts for both export and domestic markets.
Shares of the company closed at Rs 226, down 2.02 per cent on the BSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 15 2015 | 4:57 PM IST

Next Story