10 Apr 07 ABG Shipyard surges ahead of listing on the National Stock Exchange (NSE)

ABG Shipyard surged for the second day in a row on the eve of the scripÃ¢â‚¬â„¢s listing on the National Stock Exchange (NSE). The stock of ABG Shipyard was up 2.50% to Rs 364. ABG Shipyard also secured a major order for constructing four 54,000 DWT Supramax bulk carriers, worth $ 139 million (Rs 618 crore) from Essar Shipping & Logistics, Cyprus, as a part of its ship acquisition programme. Following the order, the order-book position of ABG Shipyard, as on date, stands at about Rs 40,737.7 Mio (US$ 915.5 Mio).

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