Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
05 March, 2015 05:43 IST
ABG Shipyard commits Rs 50 bn investment in Gujarat
Source: IRIS | 11 Jan, 2013, 03.37PM
Comments  |  Post Comment

ABG Shipyard, one of the largest shipbuilding companies in India announced its intentions to build a Greenfield shipyard in three phases along the Gujarat coastline with an estimated investment of Rs 50 billion.

The company has submitted its proposal to the state government during the on-going Vibrant Gujarat Global Investors Summit 2013.

Apart from the proposed investment, ABG Shipyard (Q,N,C,F)* has also planned to expand its facilities at Dahej and Magdalla in three phases, with an estimated investment of Rs 20 billion.

Shares of the company declined Rs 1.35, or 0.34%, to trade at Rs 401.15. The total volume of shares traded was 5,173 at the BSE (3.30 p.m., Friday).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Volvo sells 4.69% stake in Eicher Motors for Rs 19.2 bn - 04-Mar-2015 19:05
SKS Microfinance completes sixth securitization transaction of Rs 2.43 bn in FY15 - 04-Mar-2015 18:13
Crompton bags orders from Energy Efficiency Services - 04-Mar-2015 18:01
Yes Bank and UAE Exchange partner to integrate FLASHremit - 04-Mar-2015 16:35
Stempeutics receives US process patent for novel stem cell drug Stempeucel - 04-Mar-2015 16:24
RBI rate cut to bring down mortgage rates, secure more working capital: HDIL - 04-Mar-2015 15:22
Repo rate cut is a welcome step: Chanda Kochhar - 04-Mar-2015 15:16
Tirupati Industries to invest Rs 1.5 bn, become India's largest metallic compounds player - 04-Mar-2015 14:15
Bajaj Auto launches most fuel efficient bike - 04-Mar-2015 13:49
Bajaj Auto launches most fuel efficient bike - 04-Mar-2015 13:49
Mahindra Holidays expands geographic footprint in Madhya Pradesh - 04-Mar-2015 13:48
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer