ABG Shipyard, a domestic ship manufacturing and repairing company, today announced that it has received orders worth Rs 370 crore (approximately $82.5 million) from two different customers.
The first order is worth $65 million from Qatar-based Halul Offshore, which is being jointly promoted by Qatar Shipping Company and Qatar Navigation, it said in a filing to the Bombay Stock Exchange.
The second order, of $17.50 million, is from Italian shipping company, Marnavi Spa, which is operating on the world chemical-product and foodstuff market, the filing added.
ABG Shipyard also announced that it has completed the acquisition of Western India Shipyard by acquiring about 61 per cent stake in the company and has got all regulatory approvals.
Shares of the ABG Shipyard were today at Rs 311.10 a piece on the Bombay Stock Exchange, down 0.67 per cent.