Seeking to recover their loans worth about Rs 17,000 crore, lenders of debt-laden ABG Shipyard have put the company on the block but none of the bidders appear to be interested in buying the shares.
In a significant move, Reliance Defence and Engineering Ltd. (RDEL) on Monday announced signing a contract with Ministry of Defence to build 14 Fast Patrol Vessels (FPVs) for Indian Coast Guard, valued at Rs. 916 Crores.
Reliance defence delivers a newbuilt panamax bulk carrier to one of the largest international shipping company seventh panamax vessels with ice – class technology meeting the latest environmental norms. One of the largest dry bulk carrier of its class built in india. Reliance shipyard the only indian private sector shipyard to deliver a panamax class vessel till date.
A day after bagging the Rs 920 crore order to build 14 fast patrol vessels for the Indian Coast Guards, Reliance Defence and Engineering Ltd (RDEL) on Thursday announced winning another Rs 300 crore order for undertaking refit works for three Indian Navy vessels.
Anil Ambani promoted Reliance Defence and Engineering Limited (RDEL) has emerged a winner in a competitive bidding process to build 14 Fast Patrol Vessels( FPVs); contract value of Rs. 920 Crores.
Reliance Defence and Engineering Ltd (RDEL) – formerly known as Pipavav has got clearance from the Defence Ministry to participate for defence projects following a detailed financial and technical capability check of the company’s shipyard