Mr Rishi Agarwal, Managing Director of ABG Shipyard said that the acquisition cost and the capital expenditure for modernisation of the yard put together would work out to about Rs 100 crore. He said ABG intended to add a capacity of building five to six ships a year to its overall capacity from the acquisition. ABG will be investing in modernisation of the acquired shipyard in the next three to four months, including deployment of new equipment. "With the acquisition, ABG will be adding substantial land with good water-front to its resources, along with slipway and other plant and equipment necessary for shipbuilding," Mr. Agarwal said.