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Third shipyard at Hazira on ABG’s agenda |
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22/08/2008 |
| ABG Shipyard proposes to set up a greenfield shipyard at Hazira, near its present facility, entailing an investment of Rs 1,200 crore. The new shipyard is expected to be operational in three years.
The proposed shipyard will cover 300 acres and will be the largest of its two other existing facilities at Surat and Dahej in Gujarat, an ABG Shipyard official, Mr Dhananjay Datar, said.
"The new shipyard will cater to larger ships and offshore vessels. It will have a capacity of building six to eight ships a year", Mr Datar elaborated.
The company hopes the new shipyard will generate revenues of over Rs 2,000 crore a year.
ABG builds bulk carriers, deck barges, interceptor boats, anchor handling supply ships, driving support ships, tugs and offshore vessels.
ABG is expected to double the size of its order book to Rs 10,000 crore in two years following cancellation of orders at various shipbuilding yards across the world, including China. |
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