ABG Shipyard bags order worth Rs 1,439 crore

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Mumbai, Sep 27 (UNI) ABG Shipyard has received an order for construction of 12 Handysize bulk carriers of 35000 DWT each from Bereederungsgesellschaft H Vogemann GmbH&Co. KG, Hamburg, Germany, for approximately USD 360 million (Rs 1,439 crore approx).

With this order, the company's aggregate order book now stands at Rs7,121 crore. The company and Vogemann were in negotiations for some time through ship broking firm Olivier Felter, Germany. This is one of the largest orders bagged by ABC and first of its kind from a German shipping company.

ABG Shipyard has jumped 5.05 per cent at Rs 682 on the volumes of over 65,000 shares on the BSE, a release said.

UNI

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