ABG Shipyard (ABG) jumped 5.44 per cent to Rs 343.15 on reports that Essar Shipping Ports and Logistics placed an order with the company for two jack-up rigs worth $440 million.

<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'>ABG is the second Indian shipbuilder to venture into rig building on the back of a strong demand for such equipment from oil and gas explorers. The stock hit a 52-week high of Rs 1,045 on November 30, 2007 and a 52-week low of Rs 295.20 on July 2 this year. </P></p><p class='TableClas'></p></table>


ABG Shipyard sails on bagging $440 mn order

DALAL STREET SPIKES

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