The current orders with GRSE are spread across 40 naval platforms, and 95% of them are from the shipbuilding segment, a category where the shipyard company has increased its annual capacity to 24 ships this year.
With the resumption of its shipyard operations, Swan said it has completed its first repair project of a Coast Guard patrol vessel ahead of schedule, providing end-to-end services.
The defence ministry described it as a "huge boost" to 'Make in India' and said the visit added a new dimension to the burgeoning Indo-US strategic partnership.
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.
Engineering major Larsen and Toubro's shipyard being set up at Kattupalli near here would become operational by coming January, a top company official said today.
ABG Shipyard is in talks with the Nigerian government and private equity investors to build a shipyard in Nigeria through a joint venture in which the Indian company will hold a 40% stake, a senior official said on Tuesday.