Company Overview of ABG Shipyard Limited
ABG Shipyard Limited builds and repairs ships in India and internationally. Its products include side loader/newsprint/container ships, diesel electric propulsion diving support vessels, high speed aluminum interceptor vessels, bollard pull MPVs, dynamic positioning diving support vessels, well test/dynamic positioning supply vessels, well test/supply vessels, azimuthing stern drive bollard pull tugs, anchor handling tugs/supply vessels, multi-utility vessels, mini bulk carriers, and self loading/unloading bulk cement carriers. The company offers repair services, such as jumboising, ship conversion, refurbishment, modernization, upgradation, retrofitting, and rebuilding services that are off...
13, Mathew Road
Founded in 1985
Key Executives for ABG Shipyard Limited
Chief Executive Officer, Managing Director, Director, Chairman of Corporate Social Responsibility Committee and Member of Share Transfer & Investor Grievance Committee
Total Annual Compensation: $2.8M
Total Annual Compensation: $4.6M
Whole-Time Director and Member of Finance & Operation Committee
Total Annual Compensation: $2.6M
Executive Director, Member of Share Transfer & Investor Grievance Committee, Member of Nomination-Cum-Remuneration Committee, Member of Finance & Operation Committee and Member of Corporate Social Responsibility Committee
Total Annual Compensation: $920.0K
Compensation as of Fiscal Year 2014.
ABG Shipyard Limited Key Developments
ABG Shipyard Seeks Investors
Apr 16 15
ABG Shipyard Limited (BSE:532682) confirms that it is seeking investors to raise funds. ABG Shipyard replied to media queries by saying, "The company is exploring the possibility of the investors so as to improve its financial and operational strength.” The talks are at a preliminary stage. According to some reports, Mahindra & Mahindra Limited (BSE:500520), Adani Enterprises Limited (BSE:512599) and certain foreign investors have been approached.
ABG Shipyard Denies Reported Stake Sale Call By Lenders
Apr 10 15
Bombay Stock Exchange had sought clarification from ABG Shipyard Limited (BSE:532682) with respect to reported stake sale call by lenders. ABG Shipyard replied stating "The company do not have any important information/announcement which is required to be disclosed to the stock exchanges as per Clause 36 of the Listing Agreement.
ABG Shipyard's Lenders Reported Call For Stake Sale
Apr 9 15
“Creditors of ABG Shipyard Ltd want the promoters to sell a stake to strategic investors to inject equity into the debt-laden company and effect some changes at the top management, “three people familiar with the development said. "The lenders have been facing some issues with the promoters at ABG in terms of getting them to comply with conditions under the CDR package. This has led to bankers pressurizing promoters into looking for a strategic investor," one of the three people said. Larsen & Toubro Limited (BSE:500510) and the Essar Global Holdings Limited are reportedly interested in purchasing a stake in ABG Shipyard Limited. A public sector banker, one of the three people cited in the first instance, said the Mahindra & Mahindra Limited (BSE:500520) and Munjal family-promoted The Hero Group, Ltd. may also be on the list of potential suitors. An ABG Shipyard executive conceded that there was indeed pressure from bankers to find a strategic investor, adding that the promoters have begun talks with potential investors. "The company is working out several options and a deal should be finalised shortly," said the executive, the third of the three people cited above. All the three people cited in this report declined to be named. Essar Group denied it was in talks with ABG Shipyard. The Mahindra Group, The Hero Group and L&T declined to comment. Calls to ABG Shipyard's Chief Financial Officer and Executive Director, Dhananjay Datar, remained unanswered.
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