Articles tagged under: ABG Shipyard

ED attaches assets of ABG Shipyard Ltd worth Rs. 2,747.69 crore a day after arresting Rishi Agarwal

September 22, 2022
ED attaches assets of ABG Shipyard Ltd worth Rs. 2,747.69 crore a day after arresting Rishi Agarwal

Surat: The Central Bureau of Investigation (CBI) yesterday arrested Rishi Kamlesh Agarwal, former chairman and managing director of Surat-based ABG Shipyard Limited, on charges of duping a consortium of 28 banks of Rs 22,842 crores. In the latest development, the Enforcement Directorate (ED) has attached assets worth Rs 2,747.69 Cr in the ABG Shipyard Limited case. The attached assets include Shipyard at Surat and Dahej located in Gujarat, agricultural lands and plots, various commercial and ...Read More

Shaktisinh, Akhilesh attack Govt over ABG Shipyard bank loan fraud case

February 13, 2022
Shaktisinh, Akhilesh attack Govt over ABG Shipyard bank loan fraud case

Gandhinagar: Attacking the government over FIR against ABG Shipyard filed by CBI in the bank fraud case, Rajya Sabha MP from Gujarat and Congress leader Shaktisinh Gohil said ABG Shipyard and ABG Cement had signed MoU in Vibrant Gujarat Summit of year 2003. The summit was organized by Gujarat government. Gohil alleged that the government had given land to ABG Shipyard for setting up the Maritime University, however not a single brick has been put there. The Government must take back the lan...Read More

CBI books ABG Shipyard and its Directors for Rs. 22,842 Crore alleged bank fraud

February 12, 2022
CBI books ABG Shipyard and its Directors for Rs. 22,842 Crore alleged bank fraud

New Delhi: Central Bureau of Investigation (CBI) has filed FIR against ABG Shipyard Limited, for defrauding 28 banks to the tune of Rs. 22,842 crore. The directors of the firm Rishi Agarwal, Santhanam Muthuswamy and Ashwini Kumar have been booked in the case. The FIR was filed on the complaint of State Bank of India. As SBI’s first complaint dated 8.11.2019 missed important details like ‘time of fraud, modus operandi', the agency had sought clarifications on the same. SBI filed the revi...Read More

Two arrested for anchoring a ship without permission at Magdalla Jetty of ABG; measures taken to prevent damage to ONGC bridge

May 28, 2018
Two arrested for anchoring a ship without permission at Magdalla Jetty of ABG; measures taken to prevent damage to ONGC bridge

Surat: Dumas police has booked four for anchoring a ship on ABG Shipyard jetty in Magdalla without permission of Gujarat Maritime Board(GMB). Delhi based Fox Energy Ltd's supply vessel MV Shunter was on 20th May, anchored at ABG Shipyard jetty without permission of Jetty official and Maritime Board, following which one Rameshkumar had field complaint against Captain of the ship, administrative manager, project manager of Fox Energy and others. Dumas police has arrested two accused. The s...Read More

ABG Shipyard in talks for strategic investors

February 17, 2016

Mumbai The debt-ridden ABG Shipyard is at an advanced stage of negotiations with interested parties for a strategic investment into the company, which will see the management divesting its majority control. The deal is expected to be announced by March-end. "We are in talks with parties, which include domestic players as well a consortium where a domestic company has tied up with an international player. We hope to announce the deal by the end of March," Syed Abdi, MD and CEO, ABG Ship...Read More

ABG Shipyard Surat delivers third pollution control vessel to ICG

December 10, 2015

var vtn_player_type="vp"; var vtn_content_type="vod"; var ven_video_key="NzIwMDIwfHwxMzQwfHxudWxsfHwxLDIsMQ=="; var ven_width="405"; var ven_height="325"; Surat ABG shipyard on Wednesday gave delivery of third pollution control vessel manufactured here in Surat to Indian Coast Guard. The vessel has been named 'CGS Samudra Pavak 203'. Rs 120 crore vessel is part of Rs 360 crore order given to ABG shipyard in year 2005 for manufacturing of 3 pollution control vessels. ABG had pu...Read More

Samudra Pehredar inducted into Indian Navy

July 20, 2012

Surat, 20 July 2012 A new ship "Samudra Pehredar" was inducted to Indian Navy in presence of Chief admiral Nirmal Verma today morning in a function held at Gujarat's Hazira port near Surat. Speaking to media persons, Mr. Verma said, "we have a strong Navy force at present. In 1990s we experienced shortage of funding, but since 2000 we have ordered good number of new ships." "As many as 47 ships are in making at various ship yards. Moreover in next five years, we are ...Read More

Coast Guard Ship C-153 to be commissioned at Porbandar tomorrow

October 21, 2011

Ahmedabad, 21 October, 2011 Indian Coast Guard Ship C-153 will be commissioned at Porbandar on Saturday to enhance the security along the Gujarat coast. A Defence Ministry statement said Vice Admiral Anil Chopra will commission the last and eleventh interception boat built by the ABG Shipyard for the Coast Guard. The boat will be deployed at Veraval Port after induction. The interceptor boat C 153 is fitted with latest state-of-the-art navigation, communication equipment and ...Read More

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