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Reliance Naval and Engineering Ltd (RELV.NS)

RELV.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Oil And Natural Gas Corporation Says HC Rejected Reliance Naval's Plea On Termination Of Vessels Deal
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Oil and Natural Gas Corporation Ltd ::OIL AND NATURAL GAS CORPORATION CLARIFIES ON NEWS ARTICLE ON HC REJECTING RELIANCE NAVAL'S PLEA ON VESSELS DEAL.CONTRACT FOR VESSELS WAS ORIGINALLY AWARDED TO PIPAVAV SHIPYARD; PIPAVAV HAS SUBSEQUENTLY TAKEN OVER BY RELIANCE NAVAL & ENGG.CONTRACT WAS SCHEDULED TO BE COMPLETED IN 30 MONTHS; COMPLETION PERIOD WAS EXTENDED MANY TIMES ON REQUEST FROM CONTRACTOR.LAST EXTENSION WAS GIVEN UPTO MAY 31, 2018 AFTER WHICH IT GOT TERMINATED DUE TO NON-COMPLETION.TERMINATION WAS CHALLENGED BY RENL BEFORE MUMBAI HIGH COURT, WHICH WAS REJECTED ON NOV 30, 2018 BY THE COURT.  Full Article

India's Reliance Naval And Engineering Sept-Qtr Loss Widens
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Reliance Naval and Engineering Ltd ::SEPT QUARTER LOSS 3.63 BILLION RUPEES VERSUS LOSS 1.51 BILLION RUPEES YEAR AGO.SEPT QUARTER REVENUE FROM OPERATIONS 573.2 MILLION RUPEES VERSUS 832.9 MILLION RUPEES YEAR AGO.  Full Article

Reliance Naval & Engineering Says Nikhil Gandhi, Bhavesh Gandhi Cease To Hold Any Stake In Co
Monday, 9 Jul 2018 

July 9 (Reuters) - Reliance Naval and Engineering Ltd ::RELIANCE NAVAL & ENGINEERING-NIKHIL GANDHI, BHAVESH GANDHI, SKIL INFRA, SKIL SHIPYARD HOLDINGS, GREVEK INVESTMENTS CEASED TO HOLD ANY STAKE IN CO.  Full Article

India's Reliance Naval And Engineering March-Qtr Loss Widens
Monday, 23 Apr 2018 

April 23 (Reuters) - Reliance Naval and Engineering Ltd ::MARCH QUARTER LOSS 4.09 BILLION RUPEES VERSUS LOSS 1.40 BILLION RUPEES YEAR AGO.MARCH QUARTER REVENUE FROM OPERATIONS 330.9 MILLION RUPEES VERSUS 2.28 BILLION RUPEES YEAR AGO.  Full Article

IFCI Says NCLT Rejected Reliance Naval & Engineering's Application
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - IFCI Ltd ::SAYS UPDATES ON CASE AGAINST RELIANCE MARINE AND OFFSHORE LTD AND RELIANCE NAVAL & ENGINEERING.SAYS NCLT AHMEDABAD REJECTED RELIANCE NAVAL & ENGINEERING'S APPLICATION.SAYS THE LOAN IS SECURED BY CORPORATE GUARANTEE OF RELIANCE NAVAL & ENGINEERING.  Full Article

Reliance Naval & Engineering Says IFCI's Insolvency Petition Against Co Has "No Merit"
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Reliance Naval And Engineering Ltd ::CLARIFIES ON NEWS ITEM REGARDING IFCI FILING INSOLVENCY CASE AGAINST CO TO RECOVER LOAN.SAYS THERE ARE "NO MERITS" IN IFCI'S APPLICATION BEFORE NCLT; SAYS ACTION IS "UNWARRANTED".SAYS 25 SECURED LENDERS REQUESTED IFCI THAT 'MATTER BE RESOLVED OUTSIDE THE NCLT'.  Full Article

India's Reliance Naval & Engineering Sept-qtr loss widens
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Reliance Naval And Engineering Ltd :Sept quarter loss 1.51 billion rupees versus loss of 1.16 billion rupees year ago.Sept quarter revenue from operations 832.9 million rupees versus 986.5 million rupees rupees year ago.Says approves rights issue of up to 15 billion rupees ‍​.  Full Article

Reliance Defence & Engineering signs master ship repair pact with U.S. Navy
Monday, 13 Feb 2017 

Reliance Defence & Engineering Ltd : Master ship repair agreement between Reliance Defence and Engineering Limited and U.S. Navy . Says over 100 ships of U.S. Navy's 7th fleet will avail services at Reliance Shipyard .Co selected to undertake repair and maintenance works for U.S. Navy at Gujarat.  Full Article