ABG Shipyard has received a Rs 970 crore order from the Indian Navy for construction of two cadet training ships. 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.
In an interview with CNBC-TV18, D Datar, CFO, ABG Shipyard says this is the first order from Indian navy, it is a defence order.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
