Indian Navy awards Rs 970 crore order to ABG Shipyard

Article Posted on : - Jun 28, 2011

ABG Shipyard

NEW DELHI (PTI): ABG Shipyard has received a Rs 970 crore order from the Indian Navy for construction of two cadet training ships.

The two ships will be used for providing basic training to the naval cadets and trainees and carrying out disaster relief, search and rescue operations, with the capability to carry light helicopters, ABG Shipyard said in a communique to the Bombay Stock Exchange (BSE).

"The vessels will be approximately 110 metres in length and will be designed to achieve a maximum speed of 29 knots," it added.

ABG Shipyard said it would build the ships at its Dahej and Surat yards, which are fully geared to construct all kinds of ships for the Indian defence sector.

The total order book of the company currently stands at Rs 14,890 crore.

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