Reliance Naval & Engineering has received a letter dated July 30, 2018 from Oil and Natural Gas Corporation (ONGC), for termination of an old contract dated October 16, 2009 for supply of 5 out of 12 offshore support vessels. As advised, the termination of aforesaid contract is arbitrary. The company has taken and will take all necessary steps and actions to protect its rights.
Reliance Defence and Engineering has a large ship building /repair infrastructure in India; it has one of the largest Dry Dock in the world.
