Pipavav Defence and Offshore Engineering Company has received an approval for Corporate Debt Restructuring Package (CDR Package). The Corporate Debt Restructuring Empowered Group (CDR-EG) has approved the CDR Package for the company. In this regard, the lenders of the company and the company have entered into relevant agreements for implementation of the CDR Package.
Pipavav Defence and Offshore Engineering Company is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit and another export oriented unit (EOU).
