ABG Shipyard receives new orders

ABG Shipyard Ltd has received an order from Marnavi Spa, Italy.

The Company has bagged an order for the construction of 1 vessel of 130 Tonne Bollard Pull AHTS for Anchor Handling, Towing, rescue, offshore supply and other related duties. This is the first contract signed with the buyer. The value of the contract is approx. Rs 127.00 Crores (Euro 19.17 Million).

The stock was trading at Rs.437.55, up by Rs.21.85 or 5.26%. The stock hit an intraday high of Rs.443.85 and low of Rs.395.

The total traded quantity was 45231 compared to 2 week average of 23659.

 

Source: Equity Bulls