India’s Reliance Naval faces insolvency battle

Indian naval shipbuilder Reliance Naval and Engineering Limited (RNEL) faces insolvency proceedings, the company confirmed to the Bombay Stock Exchange (BSE) on 20 January.
RNEL, based in Mumbai, said in a BSE filing that the proceedings were launched against the company by the Ahmedabad bench of …read more

Read more here:: Janes (Naval)

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