ABG Shipyard Ltd. is a member of the ABG Group. It is a company with a diversified business activity. ABG Shipyard Limited is a corporation that builds and repairs ships. The company is involved in the construction of floating buildings and ships. ABG grew to become one of the biggest private shipbuilding firms in India, capable of producing ships up to 20 tons in weight.
ABG Shipyard Quick Overview
| Particular | Details |
| Company Name | ABG Shipyard Limited |
| Former Name | Magdalla Shipyard Pvt. Ltd. |
| Type | Public Listed Company |
| Industry | Shipbuilding & Ship Repair |
| Founded | 15 March 1985 |
| Founder / Promoter | Rishi Agarwal (Promoter) |
| Headquarters | Mumbai, Maharashtra, India |
| Registered Office | Magdalla, Surat, Gujarat, India |
| Core Services | Shipbuilding, Ship Repair, Maintenance |
| Products / Vessels | Bulk carriers, offshore support vessels, tugs, interceptor boats, diving support vessels |
| Facilities | Shipyards in Surat & Dahej (Gujarat) |
| Major Clients | Commercial shipping companies, government/defense contracts |
| Shipbuilding Capacity | Vessels up to significant deadweight sizes (e.g., 60,000 DWT) |
| Stock Exchange Listing | Previously listed on BSE & NSE (status under liquidation) |
| Corporate Identification Number (CIN) | L61200GJ1985PLC007730 |
| Company Status | Under Liquidation |
| Official Website | www.abgindia.com |
Net Worth and Market Cap
The share price as of right now is 1.12. At the moment, its market capitalization is Rs 11.16 Cr. The company recorded gross sales of Rs. 342.71 Cr and total income of Rs. 377.6 Cr for the most recent quarter.
Corporate Leadership
The shipbuilding firm ABG Shipyard Limited is based in Mumbai, Maharashtra, India. The company was founded in 1985 under the name Magdalla Shipyard Pvt. Ltd., changed to ABG Shipyard Pvt. Ltd. in May 1995, became public, and then changed its name to ABG Shipyard Ltd. in June 1995. Its headquarters are located in Mumbai. The company’s creator and promoter is Rishi Agarwal.
Overview of Services
A variety of commercial vessels are constructed by ABG Shipyard Ltd. Bulk carriers that load and unload themselves, container ships, floating cranes, anchor handling tugs, split barges, dynamic positioning ships, offshore supply vessels, and dive support vessels are some examples of these.
The Indian government gave ABG Shipyard Ltd permission to construct battleships and other vessels for the Indian Navy. After Pipavav Shipyard, it was the second corporate shipyard to be granted this license.
It received a contract in 2004 to construct pollution-control ships for the Indian Coast Guard. The Shipyard was chosen in 2009 to construct eleven high-speed water jet-powered interceptors for the Coast Guard.
A ₹9.7 billion (US$110 million) contract to construct two cadet training ships for the Indian Navy was given to ABG Shipyard Ltd. in June 2011. It received a 5 billion contract from Shipping Corporation of India in January 2012, increasing its order book to over ₹200 billion (US$2.4 billion). The business consented to declare bankruptcy in July 2017.
Scale of Operations
It operates shipbuilding facilities in Gujarat’s Dahej and Surat. It now runs the biggest ship maintenance facility in India, a ship repair unit in Goa, after acquiring Western India Shipyard Limited in October 2010. Europe, the Middle East, and South East Asia are among its global clientele. To date, they have constructed 165 vessels for both domestic and foreign clients.
