New Delhi: The Ministry of Defence today signed a contract with Bharat Electronics Limited (BEL) for procurement of 10 Lynx U2 fire control systems for front line warships of Indian Navy at a cost of Rs 1,355 crore ($185 million) under Buy (Indian) category of the Defence Procurement […]
(Editor’s Note: Updated with the outcome of today’s meeting of the lenders at paragraph 4.) By N. C. Bipindra New Delhi: Indian defence ministry’s hope of industrialist Anil Ambani‘s shipbuilding venture being revived through a take over by another company or operator has got into rough weather after […]
By N. C. Bipindra New Delhi: India is keeping a decision to cancel a deal for five warships at bay to see if the beleaguered Reliance Naval Engineering Limited (RNEL) is able to revive itself or if a take-over of the debt-ridden shipyard can happen so that the […]
