IB Times
Shipyard areaABG Shipyard

ABG Shipyard has said it delivered a pollution-control vessel to the Indian Coast Guard on Wednesday, the third and the last in the series.

The vessel, designed by Rollys Royce, was built at a cost of Rs 120 crore, the private shipyard builder said in a regulatory filing to the BSE on 9 December.

During the quarter ending September 2015, the company had incurred a net loss of Rs 478 crore on a total income of Rs 9.34 crore, with interest costs at Rs 197 crore, besides other expenses of Rs 270 crore.

Its net loss was Rs 172.80 crore during the quarter ending September, 2014.

The share price of ABG Shipyard closed at Rs 62.90 on Wednesday on the Bombay Stock Exchange, down 5.48% from its previous close. It hit a new 52-week low of Rs 62.05 during the day.

India's largest shipbuilder scaled its 52-week high of Rs 260 on 10 March, 2015.