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ABG bags Rs 970-cr order from Indian Navy

Press Trust of India  |  New Delhi 

has received a Rs 970 crore order from the Indian Navy for construction of two cadet training ships.

The two ships will be used for providing basic training to the naval cadets and trainees and carrying out disaster relief, search and rescue operations, with the capability to carry light helicopters, said in a communique to the Bombay Stock Exchange (BSE).

"The vessels will be approximately 110 metres in length and will be designed to achieve a maximum speed of 29 knots," it added.

said it would build the ships at its Dahej and Surat yards, which are fully geared to construct all kinds of ships for the Indian defence sector.

The total of the company currently stands at Rs 14,890 crore.

ABG's scrip was down by over 1% at the at Rs 365.25 at around 1230 hours today.

First Published: Tue, June 28 2011. 12:45 IST