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(Reuters) - Auditors of Reliance Naval and Engineering Ltd have raised doubts about the Anil Ambani-led company's ability to continue as going concern, with shares plummeting to a record low on ...
After the open offer was completed, Reliance Infrastructure held 36.5% equity in Pipavav Shipyard and Anil Ambani was appointed as the chairman. [10] The company was renamed to Reliance Defence and Engineering on 3 March 2016 and again renamed to Reliance Naval and Engineering Limited on 6 September 2017. [11]
Initially, the Indian Navy signed a contract for five offshore patrol vessel to be built by the erstwhile Pipavav Shipyard now (Reliance Defence and Engineering). Numerous delays in the project, initially due to change of design partner and subsequently due to financial issues led to the cancellation of the project in October 2020. [6] [7] [8]
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Project 77 (formerly Project 75 Alpha) is an Indian Navy acquisition programme to procure nuclear-powered attack submarines. [2] The Government of India, through the Cabinet Committee on Security (CCS), approved the construction of six of these submarines in February 2015. [3]
NEW DELHI (Reuters) -Indian billionaire Mukesh Ambani's Reliance has argued that the telecom regulator incorrectly concluded that home satellite broadband spectrum should be allocated and not ...
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The Indian Navy issued an RFP for six medium-range maritime reconnaissance (MRMR) aircraft. The possible contenders were the ATR-72MP/ATR-42MP, the EADS C-295MPA/C-235MPA, the Dassault's Falcon 900MPA and the Embraer P-99A. The procurement number has been enhanced to 9 as per news reports in February 2012. [134] The C-295 was eventually chosen.