India's ABS Marine Services rises on order win

ABS Marine Services

15/10/2024 08:58

** Shares of ABS Marine Services  ABSM.NS  rise 2.9% to
263.18 rupees
    ** Ship management and services co receives order from
Chennai Port Authority worth about 102.3 mln rupees ($1.2 mln)
    ** Contract is for hiring of one patrol boat for five years,
with an option to extend for two additional years
    ** Stock set to snap two sessions of losses
    ** ABSM up ~8% YTD

($1 = 84.0650 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))