ABG Shipyard has received a Rs 970 crore order from the Indian Navy for construction of two cadet training ships., Latest Stock Price & Expert comment

ABG Shipyard has received a Rs 970 crore order from the Indian Navy for construction of two cadet training ships., Latest Stock Price & Expert comments

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).

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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