Anil Ambani-led firm failed delivery of vessels to Navy in time, yet contract not cancelled


The Anil Ambani-led firm Reliance Naval Engineering (RNEL) is four years behind its schedule to supply five offshore patrol vessels (OPVs) to the Indian Navy. But, the Modi government has still not cancelled the contract. This delay has led the naval authorities to encash the bank guarantees given by Reliance Naval Engineering.

Navy chief Admiral Sunil Lanba was responding to a query on whether action has been taken against the Anil Ambani-promoted company for overshooting the deadline.

However, the question remains as to why the government had not cancelled the contract as it had done with other companies in the past whenever the delivery was delayed. Read More

You may also read!

Adani steps up presence at Aero India, on lookout for more defence acquisitions

The Adani group has stepped up its presence at Aero India – it has the biggest display area at

Read More...

Aero India 2019: DRDO unveils model for coastguard’s multimission maritime aircraft

India's Defence Research and Development Organisation (DRDO) unveiled a model of the Multi-Mission Maritime Aircraft (MMMA) proposed for the

Read More...

Aero India 2019: India to receive second Scorpene-class submarine by April 2019

The Indian Navy will likely receive its second Scorpene-class submarine, Khanderi by March, or April 2019. The matter was confirmed with Jane's by chairman

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu