Reliance Naval & Engineering (RNAVAL) has reported results for third quarter ended December 31, 2018.
The company has reported net loss of Rs 371.57 crore for the quarter under review as compared to net loss of Rs 166.31crore for the same quarter in the previous year. Total income of the company decreased by 4.84% at Rs 52.72 crore for Q3FY19 as compared Rs 55.40 crore for the corresponding quarter previous year.
RNAVAL (formerly Reliance Defence and Engineering / Pipavav Defence and Offshore Engineering Company) has the largest engineering infrastructure in India and is one of the largest in the world. RNAVAL is the first private sector company in India to obtain the licence and contract to build warships.
