ABG Shipyard, an Indian ship manufacturing and repairing company, on Friday announced that it has received orders worth Rs 370 crore (US$84 million) from two different customers. The first order is worth US$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 US$17.5 million, is from an Italian shipping company, MARNAVI SPA, which serves the world's chemical-product and foodstuff markets, 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.
* The second order, of US$17.5 million, is from an Italian shipping company, MARNAVI SPA, which serves the world's chemical-product and foodstuff markets, 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.