D Datar, CFO of ABG Shipyard expects government orders to flow in coming days.
CNBC-TV18 has learnt from sources that the cash-strapped shipbuilder may be taken over by its lenders if it fails to bring in a strategic investor soon.
Strategic stake sale is imminent, is the word coming in from D Datar, ED & CFO, ABG Shipyard. He is looking for strategic investors into the business. He also gives his view on shipyard business in India.
India's largest private shipyard, ABG Shipyard has been delivering about 15-16 ships every year from the past three years. In FY12 as well, the company delivered 15 ships, chief executive officer D Datar told CNBC-TV18.
ABG Shipyard has received a Rs 970 crore order from the Indian Navy for construction of two cadet training ships. 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.
In an interview with CNBC-TV18, D Datar, CFO, ABG Shipyard, speaks about the results and gives his outlook.