India: ABG Shipyard to Build Cadet Training Vessel for Navy

first_img December 12, 2012 India: ABG Shipyard to Build Cadet Training Vessel for Navy View post tag: build View post tag: ABG Private sector shipbuilder ABG Shipyard today said it has bagged a Rs 485-crore order to build a cadet training vessel for the Navy.The order from the Defence Ministry to build the 110-meter vessel capable of carrying a light helicopter and achieving a top speed of 20 knots, is a repeat order, the company said in a statement issued here.“The vessel will be used to provide basic training to Naval cadets and trainees in activities such as disaster relief, search and rescue operations,” the company said in a statement.Shipbuilders are shifting their focus to catering to the requirements of the Navy, as the demand for commercial liners is dipping due to a supply glut.The market lapped up the development and ABG stocks jumped nearly 5 per cent to Rs 386 on the BSE. The company has a market capitalisation of Rs 1,964.74 crore as of today.[mappress]Naval Today Staff, December 12, 2012; Image: ABG Training & Education Back to overview,Home naval-today India: ABG Shipyard to Build Cadet Training Vessel for Navy View post tag: vessel View post tag: Naval View post tag: Navy View post tag: News by topic Share this article View post tag: Training View post tag: Cadet View post tag: shipyardlast_img read more