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Shares of ABG Shipyard Ltd will remain in focus this week as the initiated corporate debt restructuring exercise. However, a PTI report quoting banking sources, said about 22 lenders have opposed the country’s largest private shipbuilder's proposal to restructure its Rs 11,150-crore loan. The company is facing problems in servicing its loans. The company said that it faced delays in completing and streamlining its ship-lift facility at Dahej and saw a significant pile-up in inventory that lead to a longer operating cycle. ICICI Bank has the largest exposure to the shipbuilder with about Rs 2,600 crore, while State Bank of India has around Rs 1,600 crore and IDBI Bank about Rs 1,400 crore.
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