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'''ABG Shipyard Limited''' is an Ahmedabad-based [[shipbuilding]] company in [[India]]. | '''ABG Shipyard Limited''' is an [[Ahmedabad]]-based [[shipbuilding]] company in [[India]]. | ||
==History== | ==History== | ||
ABG Shipyard Ltd is a part of the ABG Group of companies with diversified business interests. Established in 1985, it is headquartered in Mumbai. It has shipbuilding operations in [[Surat]] and [[Dahej]] in Gujarat. Following its acquisition of [[Western India Shipyard]] Limited in October 2010, it operates a ship repair unit in [[Goa]] which is the largest ship maintenance facility in India.<ref name=bs-acquisition>{{cite news|url=http://www.business-standard.com/india/news/abg-shipyard-completes-acquisitionwestern-india-shipyard/112329/on|title=ABG Shipyard completes acquisition of Western India Shipyard|publisher=Business Standard|date=15 October 2010|access-date=2011-09-10}}</ref> | ABG Shipyard Ltd is a part of the ABG Group of companies with diversified business interests. Established in 1985, it is headquartered in [[Mumbai]].<ref>{{Cite news|title=Sebi disposes of case against ABG Shipyard|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/sebi-disposes-of-case-against-abg-shipyard/articleshow/72011379.cms?from=mdr|access-date=2021-06-07}}</ref> It has shipbuilding operations in [[Surat]] and [[Dahej]] in Gujarat. Following its acquisition of [[Western India Shipyard]] Limited in October 2010, it operates a ship repair unit in [[Goa]] which is the largest ship maintenance facility in India.<ref name=bs-acquisition>{{cite news|url=http://www.business-standard.com/india/news/abg-shipyard-completes-acquisitionwestern-india-shipyard/112329/on|title=ABG Shipyard completes acquisition of Western India Shipyard|publisher=Business Standard|date=15 October 2010|access-date=2011-09-10}}</ref> | ||
ABG became one of the largest private ship building companies in India with a capacity to manufacture vessels up to 20 tonnes in weight.<ref>{{Cite web|last=Maulik|first=Pathak|title=After 5 auctions, ABG Shipyard assets to be sold privately|url=https://timesofindia.indiatimes.com/city/ahmedabad/after-5-auctions-abg-shipyard-assets-to-be-sold-privately/articleshow/79572631.cms|url-status=live|access-date=2021-06-07|website=[[The Times of India]]|language=en}}</ref> | |||
==Products== | ==Products== | ||
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In 2004, it was awarded a contract to build pollution-control vessels for the [[Indian Coast Guard]].<ref name=ibn-swinging>{{cite news|url=http://ibnlive.in.com/news/coast-guards-staff-had-role-in-swinging-deal-with-abg/54478-3.html|archive-url=https://archive.today/20130126065148/http://ibnlive.in.com/news/coast-guards-staff-had-role-in-swinging-deal-with-abg/54478-3.html|url-status=dead|archive-date=26 January 2013|title=Coast Guard staff had role in swinging deal with ABG|publisher=IBN Live|date=19 December 2007|access-date=2011-09-10}}</ref><ref name=rr-rrabg>{{cite web|url=http://www.rolls-royce.com/marine/news/2004/041025_indian_coastguard.jsp|title=Rolls-Royce and ABG Shipyard Ltd prepare Indian Coast Guard for oil emergency role|publisher=Rolls-Royce plc|date=25 October 2004|access-date=2011-09-10}}</ref> In 2009, the Shipyard was selected to build 11 high-speed [[water jet (propulsion)|water jet propelled]] [[patrol boat|interceptors]] for the Coast Guard.<ref name=toi-interceptor>{{cite news|url=http://articles.timesofindia.indiatimes.com/2011-03-31/surat/29365136_1_interceptor-boats-abg-shipyard-vessels|archive-url=https://archive.today/20130103074159/http://articles.timesofindia.indiatimes.com/2011-03-31/surat/29365136_1_interceptor-boats-abg-shipyard-vessels|url-status=dead|archive-date=3 January 2013|title=Interceptor boats built by ABG commissioned at Kochi|date=31 March 2011|work=[[The Times of India]]|access-date=2011-09-10}}</ref> | In 2004, it was awarded a contract to build pollution-control vessels for the [[Indian Coast Guard]].<ref name=ibn-swinging>{{cite news|url=http://ibnlive.in.com/news/coast-guards-staff-had-role-in-swinging-deal-with-abg/54478-3.html|archive-url=https://archive.today/20130126065148/http://ibnlive.in.com/news/coast-guards-staff-had-role-in-swinging-deal-with-abg/54478-3.html|url-status=dead|archive-date=26 January 2013|title=Coast Guard staff had role in swinging deal with ABG|publisher=IBN Live|date=19 December 2007|access-date=2011-09-10}}</ref><ref name=rr-rrabg>{{cite web|url=http://www.rolls-royce.com/marine/news/2004/041025_indian_coastguard.jsp|title=Rolls-Royce and ABG Shipyard Ltd prepare Indian Coast Guard for oil emergency role|publisher=Rolls-Royce plc|date=25 October 2004|access-date=2011-09-10}}</ref> In 2009, the Shipyard was selected to build 11 high-speed [[water jet (propulsion)|water jet propelled]] [[patrol boat|interceptors]] for the Coast Guard.<ref name=toi-interceptor>{{cite news|url=http://articles.timesofindia.indiatimes.com/2011-03-31/surat/29365136_1_interceptor-boats-abg-shipyard-vessels|archive-url=https://archive.today/20130103074159/http://articles.timesofindia.indiatimes.com/2011-03-31/surat/29365136_1_interceptor-boats-abg-shipyard-vessels|url-status=dead|archive-date=3 January 2013|title=Interceptor boats built by ABG commissioned at Kochi|date=31 March 2011|work=[[The Times of India]]|access-date=2011-09-10}}</ref> | ||
In June 2011, ABG Shipyard Ltd was awarded a {{INRConvert|9.7|b}} deal to build two cadet training ships for the [[Indian Navy]].<ref name=hindu-cadet>{{cite news|url=http://www.thehindubusinessline.com/industry-and-economy/logistics/article2141477.ece|title=ABG Shipyard inks Rs 970-cr deal with Indian Navy|publisher=The Hindu Business Line|date=28 June 2011|access-date=2011-09-10}}</ref> In January 2012, it won an order of 5 billion order from [[Shipping Corporation of India]] taking its order book to about {{INRConvert|200|b}}.{{ | In June 2011, ABG Shipyard Ltd was awarded a {{INRConvert|9.7|b}} deal to build two cadet training ships for the [[Indian Navy]].<ref name=hindu-cadet>{{cite news|url=http://www.thehindubusinessline.com/industry-and-economy/logistics/article2141477.ece|title=ABG Shipyard inks Rs 970-cr deal with Indian Navy|publisher=The Hindu Business Line|date=28 June 2011|access-date=2011-09-10}}</ref> In January 2012, it won an order of 5 billion order from [[Shipping Corporation of India]] taking its order book to about {{INRConvert|200|b}}.<ref>{{Cite news|last=|first=|date=2012-02-01|title=ABG Shipyard bags Rs 500 cr order from Shipping Corp|work=Business Standard India|url=https://www.business-standard.com/article/companies/abg-shipyard-bags-rs-500-cr-order-from-shipping-corp-112020100149_1.html|access-date=2021-06-07}}</ref> In July 2017, the company agreed to file for insolvency.<ref>{{Cite web|last=Pathak|first=Maulik|date=2017-07-20|title=ABG Shipyard agrees to insolvency proceedings|url=https://www.livemint.com/Companies/9l54Fk4aQfCCnkZ7wt84pN/ABG-Shipyard-agrees-to-insolvency-proceedings.html|url-status=live|access-date=2021-06-07|website=[[Livemint|mint (newspaper)]]|language=en}}</ref> | ||
==Peers== | ==Peers== | ||
*[[Modest Infrastructure Ltd]] | *[[Modest Infrastructure Ltd]] | ||
| Line 59: | Line 61: | ||
==External links== | ==External links== | ||
* [ | * [http://abgindia.com/ Official Website] | ||
{{DEFAULTSORT:ABG Shipyard}} | {{DEFAULTSORT:ABG Shipyard}} | ||
Revision as of 18:03, 7 June 2021
 | |
| Traded as | BSE: 532682 NSE: ABGSHIP |
|---|---|
| Industry | Shipbuilding |
| Founded | 1985 |
| Headquarters | , |
Key people | Rishi Agarwal (Chairman) Ram Swaroop Nakra (Managing director) DP Gupta (Vice president) Subas Gantayat (Vice president) |
| Services | Ship design Ship building Ship repair |
Number of employees | 250 |
| Divisions | 2 |
| Website | abgindia |
ABG Shipyard Limited is an Ahmedabad-based shipbuilding company in India.
History
ABG Shipyard Ltd is a part of the ABG Group of companies with diversified business interests. Established in 1985, it is headquartered in Mumbai.[1] It has shipbuilding operations in Surat and Dahej in Gujarat. Following its acquisition of Western India Shipyard Limited in October 2010, it operates a ship repair unit in Goa which is the largest ship maintenance facility in India.[2]
ABG became one of the largest private ship building companies in India with a capacity to manufacture vessels up to 20 tonnes in weight.[3]
Products
ABG Shipyard Ltd builds a range of commercial vessels. These include self-loading and self-discharging bulk carriers, container ships, floating cranes, split barges, anchor handling tugs, dynamic positioning ships, offshore supply vessels and diving support vessels.
ABG was granted clearance from the Government of India to build warships and various other vessels for the Indian Navy. It was the second corporate shipyard to receive this licence after Pipavav Shipyard.
In 2004, it was awarded a contract to build pollution-control vessels for the Indian Coast Guard.[4][5] In 2009, the Shipyard was selected to build 11 high-speed water jet propelled interceptors for the Coast Guard.[6]
In June 2011, ABG Shipyard Ltd was awarded a ₹9.7 billion (US$140 million) deal to build two cadet training ships for the Indian Navy.[7] In January 2012, it won an order of 5 billion order from Shipping Corporation of India taking its order book to about ₹200 billion (US$2.8 billion).[8] In July 2017, the company agreed to file for insolvency.[9]
Peers
See also
- ABG Interceptor Class fast attack crafts
- ABG Class Pollution Control Vessel
- ABG Class Cadet Training Ship
- Pamba Auxiliary Vessel
References
- ↑ "Sebi disposes of case against ABG Shipyard". The Economic Times. Retrieved 7 June 2021.
- ↑ "ABG Shipyard completes acquisition of Western India Shipyard". Business Standard. 15 October 2010. Retrieved 10 September 2011.
- ↑ Maulik, Pathak. "After 5 auctions, ABG Shipyard assets to be sold privately". The Times of India. Retrieved 7 June 2021.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Coast Guard staff had role in swinging deal with ABG". IBN Live. 19 December 2007. Retrieved 10 September 2011.
{{cite news}}: CS1 maint: deprecated archival service (link) - ↑ "Rolls-Royce and ABG Shipyard Ltd prepare Indian Coast Guard for oil emergency role". Rolls-Royce plc. 25 October 2004. Retrieved 10 September 2011.
- ↑ "Interceptor boats built by ABG commissioned at Kochi". The Times of India. 31 March 2011. Retrieved 10 September 2011.
{{cite news}}: CS1 maint: deprecated archival service (link) - ↑ "ABG Shipyard inks Rs 970-cr deal with Indian Navy". The Hindu Business Line. 28 June 2011. Retrieved 10 September 2011.
- ↑ "ABG Shipyard bags Rs 500 cr order from Shipping Corp". Business Standard India. 1 February 2012. Retrieved 7 June 2021.
- ↑ Pathak, Maulik (20 July 2017). "ABG Shipyard agrees to insolvency proceedings". mint (newspaper). Retrieved 7 June 2021.
{{cite web}}: CS1 maint: url-status (link)