ABG Shipyard Ltd has clarified with reference to news item appearing in leading financial daily titled "ABGShipyard sails on bagging $440 mn order", that as the Company is in the shipbuilding industry the Company deals with many potential parties and the Company announces only those orders which are converted into effective business by signing a contract. In the instant case, the Company inform that the Company is in an advanced stage of negotiations with various parties including Essar Shipping Ports and Logistics for the construction of Jack-up Rigs. However, no formal contract has been concluded to this effect between the Company and any other parties, as on date.
The stock closed the day at Rs.351.35, up by Rs.8.20 or 2.39%. The stock hit an intraday high of Rs.364.95 and low of Rs.346.15.
The total traded quantity was 22974 compared to 2 week average of 18220.
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