ABG Shipyard is a well-known shipbuilding company in India that specializes in building vessels such as cargo ships, tankers, offshore vessels, and passenger ferries. The company was established in 1985 and has since then become one of the largest shipbuilding companies in India.
What does ABG stand for?
ABG stands for Advanced Building and Growth. The company was initially started as a small fabrication yard in Surat, but over the years, it has grown into a major shipbuilding company with multiple facilities across India.
History of ABG Shipyard
ABG Shipyard was founded by Mr. Rishi Agarwal in 1985. Initially, the company started as a small fabrication yard in Surat, Gujarat. However, over the years, the company expanded its operations and set up multiple shipbuilding facilities across India.
In 2005, ABG Shipyard acquired the shipbuilding division of the Larsen & Toubro company, which helped it acquire new technology and expertise in shipbuilding. This acquisition also helped the company expand its operations and further strengthen its position as a leading shipbuilding company in India.
ABG Shipyard Facilities
ABG Shipyard has multiple facilities across India, including shipyards in Surat, Dahej, and Magdalla. The company's shipyards are equipped with state-of-the-art technology and machinery, which enables it to build a wide range of vessels.
Types of Vessels Built by ABG Shipyard
ABG Shipyard specializes in building a wide range of vessels. Some of the types of vessels built by the company include:
- Cargo Ships
- Tankers
- Offshore Vessels
- Passenger Ferries
- Tugboats
- Barges
ABG Shipyard Financials
ABG Shipyard has had its fair share of financial troubles over the years. In 2017, the company was declared bankrupt by the National Company Law Tribunal (NCLT) after it failed to pay its debts to various banks and financial institutions.
Despite its financial troubles, ABG Shipyard remains a well-known name in the shipbuilding industry in India. The company has contributed significantly to the growth of the Indian shipbuilding industry and has played a vital role in building vessels for both domestic and international clients.
Conclusion
ABG Shipyard is a well-known shipbuilding company in India that specializes in building a wide range of vessels. The company has multiple facilities across India and is equipped with state-of-the-art technology and machinery. Despite its financial troubles, ABG Shipyard remains a leading shipbuilding company in India and has contributed significantly to the growth of the Indian shipbuilding industry.
