By N. C. Bipindra New Delhi: The precarious situation that one of India’s private shipyards finds itself over its debts has put the navy in a quandary over how to proceed with a Rs 20,000-crore ($2.65-billion) tender for building four amphibious warships. One of the options being considered […]
(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 […]
