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Anil Ambani's Bankrupt Reliance Naval Up 600% In Record Winning Streak
The revival of the shipyard is crucial for Anil Ambani, who is betting on cash flows from government defense contracts as Prime Minister Narendra Modi plans to spend billions of dollars on national security. Brokers say the stock's parabolic advance is likely driven by speculators, rather than by a change in the company's fortunes.
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Anil Ambani's Shipyard Risks Insolvency As Banks Spurn Debt Plan
Any court ruling favoring the banks would deal another blow to the tycoon's stressed empire after his wireless carrier slipped into insolvency earlier this year.
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Reliance-Built Coast Guard Training Ship ICGS Varuna Launched
ICGS Varuna, an indigenously-designed training vessel built by Reliance Naval and Engineering Limited for the Indian Coast Guard, was launched inPipavav today.
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Anil Ambani To Spell Out Defence Business Plans
The Reliance Group's defence play started with the acquisition of Gujarat-based Pipavav Shipyard about two years ago. This remains the largest acquisition in the defence sector in India so far.
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Reliance Defence Signs Warship Repair Pact With US Navy
Reliance Shipyard at Pipavav, Gujarat is the first shipyard in India to have received MSRA Certification to undertake servicing and repairing works for the vessels of Seventh Fleet.
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Reliance Defence Bags Rs 916 Crore Contract From Defence Ministry
This is the first time a private sector shipyard has been awarded a contract to design and build such class of ships for Indian Armed Forces. RDEL will be developing the design in-house, it said.
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Reliance Defence Delivers 'Ice-Class' Bulk Carrier To Shipping Firm
Reliance Shipyard with the largest dry-dock in India has used a unique modular construction technology for building large ships for both commercial usage and the Navy, the company said
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ABG Shipyard Says In Talks With Potential Buyers
ABG Shipyard was replying in response to the clarifications sought from the bourses on a news item that said "ABG Shipyard gets three suitors, lenders want it out of debt recast. Reliance Defence, Shapoorji Pallonji Group and the UK's Liberty House have shown preliminary interest".
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RIL Gets World's First Very Large Ethane-Carrying Ships
Reliance had in 2014 ordered building of six Very Large Ethane Carriers (VLECs) at Samsung Heavy Industries' shipyards in Korea.
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Reliance Defence Gets Clearance For Defence Projects: Report
The Defence Ministry has cleared Reliance Defence and Engineering Ltd (RDEL) -- known as Pipavav before Anil Ambani took over -- for defence projects after a financial and technical capability of the company's shipyard was carried out in detail.
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Anil Ambani-led Reliance Infra Takes Control of Pipavav Defence
Reliance Infrastructure Ltd (RInfra) on Monday said it has taken over the management and control of Pipavav Defence and Offshore Engineering Co Ltd (PDOC) and that Anil Ambani has been appointed the chairman of the company.
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Anil Ambani-Led Reliance Defence to Set Up Shipyard in Andhra Pradesh
Reliance Defence Ltd has signed an accord with the Andhra Pradesh government to set up a naval facility along the country's eastern coast with an initial investment of Rs 5,000 crore ($748 million), the company said on Sunday.
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StanChart, FTIL, 19 Others to Exit BSE 500
Stocks of 21 companies, including Standard Chartered, Financial Technologies India, Reliance Industrial Infrastructure, JSW Holdings, ABG Shipyard and Lanco Infratech, will be dropped from the BSE 500 index on December 21.
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Anil Ambani Lining up Rs 5000 Crore More in Pipavav Shipyard
The Reliance Group Chairman emphasised on self-reliance in the defence sector for flexibility to pursue country's foreign policy objectives and called for more transparent and predictable systems and procedures.
-
National Stock Exchange to move 26 stocks to restricted trade segment
With an aim to ensure market safety, leading bourse National Stock Exchange (NSE) said on Monday that it will shift 26 stocks, including Bharati Shipyard and Essar Shipping, to the restricted trading category from Friday, October 11.
-
Anil Ambani's Bankrupt Reliance Naval Up 600% In Record Winning Streak
The revival of the shipyard is crucial for Anil Ambani, who is betting on cash flows from government defense contracts as Prime Minister Narendra Modi plans to spend billions of dollars on national security. Brokers say the stock's parabolic advance is likely driven by speculators, rather than by a change in the company's fortunes.
-
Anil Ambani's Shipyard Risks Insolvency As Banks Spurn Debt Plan
Any court ruling favoring the banks would deal another blow to the tycoon's stressed empire after his wireless carrier slipped into insolvency earlier this year.
-
Reliance-Built Coast Guard Training Ship ICGS Varuna Launched
ICGS Varuna, an indigenously-designed training vessel built by Reliance Naval and Engineering Limited for the Indian Coast Guard, was launched inPipavav today.
-
Anil Ambani To Spell Out Defence Business Plans
The Reliance Group's defence play started with the acquisition of Gujarat-based Pipavav Shipyard about two years ago. This remains the largest acquisition in the defence sector in India so far.
-
Reliance Defence Signs Warship Repair Pact With US Navy
Reliance Shipyard at Pipavav, Gujarat is the first shipyard in India to have received MSRA Certification to undertake servicing and repairing works for the vessels of Seventh Fleet.
-
Reliance Defence Bags Rs 916 Crore Contract From Defence Ministry
This is the first time a private sector shipyard has been awarded a contract to design and build such class of ships for Indian Armed Forces. RDEL will be developing the design in-house, it said.
-
Reliance Defence Delivers 'Ice-Class' Bulk Carrier To Shipping Firm
Reliance Shipyard with the largest dry-dock in India has used a unique modular construction technology for building large ships for both commercial usage and the Navy, the company said
-
ABG Shipyard Says In Talks With Potential Buyers
ABG Shipyard was replying in response to the clarifications sought from the bourses on a news item that said "ABG Shipyard gets three suitors, lenders want it out of debt recast. Reliance Defence, Shapoorji Pallonji Group and the UK's Liberty House have shown preliminary interest".
-
RIL Gets World's First Very Large Ethane-Carrying Ships
Reliance had in 2014 ordered building of six Very Large Ethane Carriers (VLECs) at Samsung Heavy Industries' shipyards in Korea.
-
Reliance Defence Gets Clearance For Defence Projects: Report
The Defence Ministry has cleared Reliance Defence and Engineering Ltd (RDEL) -- known as Pipavav before Anil Ambani took over -- for defence projects after a financial and technical capability of the company's shipyard was carried out in detail.
-
Anil Ambani-led Reliance Infra Takes Control of Pipavav Defence
Reliance Infrastructure Ltd (RInfra) on Monday said it has taken over the management and control of Pipavav Defence and Offshore Engineering Co Ltd (PDOC) and that Anil Ambani has been appointed the chairman of the company.
-
Anil Ambani-Led Reliance Defence to Set Up Shipyard in Andhra Pradesh
Reliance Defence Ltd has signed an accord with the Andhra Pradesh government to set up a naval facility along the country's eastern coast with an initial investment of Rs 5,000 crore ($748 million), the company said on Sunday.
-
StanChart, FTIL, 19 Others to Exit BSE 500
Stocks of 21 companies, including Standard Chartered, Financial Technologies India, Reliance Industrial Infrastructure, JSW Holdings, ABG Shipyard and Lanco Infratech, will be dropped from the BSE 500 index on December 21.
-
Anil Ambani Lining up Rs 5000 Crore More in Pipavav Shipyard
The Reliance Group Chairman emphasised on self-reliance in the defence sector for flexibility to pursue country's foreign policy objectives and called for more transparent and predictable systems and procedures.
-
National Stock Exchange to move 26 stocks to restricted trade segment
With an aim to ensure market safety, leading bourse National Stock Exchange (NSE) said on Monday that it will shift 26 stocks, including Bharati Shipyard and Essar Shipping, to the restricted trading category from Friday, October 11.
