ABG Shipyard today said the firm is in advanced negotiations with various parties including Essar Shipping Ports and Logistics for the construction of Jack-up Rigs but has not signed any formal contract.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>"... Company is in an advanced stage of negotiations with various parties including Essar Shipping Ports and Logistics for the construction of Jack-up Rigs.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>"However, no formal contract has been concluded to this effect between the Company and any other parties, as on date," the firm said in a filing to the Bombay Stock Exchange.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>The firm was clarifying on a media report saying that "ABG Shipyard sails on bagging $ 440-million order."&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>"...The company deals with many potential parties and the company announces only those orders which are converted into effective business by signing a contract."&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>Shares of the firm closed at Rs 351.35, up 2.39 per cent on the BSE. </P></p><p class='TableClas'></p></table>


ABG Shipyard to consider construction of rigs

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