Manish,
You
may want to look up following links :
regards,
dadu
Sanjeev Gupta’s Liberty House has
placed a bid of ₹ 5,200 crore for ABG Shipyard, which owes close to ₹ 19,000
crore to creditors
As it stands now, Gupta said, “ABG
is a junkyard. It has been vandalized and now you will only find stray dogs
there. The shipbuilding business is not something we’re planning on. The yard
is well-located; it’s got a good shiplift. It can be used for breaking ships
for scrap and that serves our green steel (recycled steel) objective. The
business model we have in mind is completely different. ABG is a difficult asset
and we are looking at the long-term play of making it into a steel plant.
Building ships is not a viable business here, that’s why shipyards are in the
doldrums in India.
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