Reliance Naval facing acute cash flow crunch

05 Sep 2019

Reliance Naval & Engineering (RNAVAL) is facing an acute cash flow crunch, which is impacting existing orders in absence of a debt resolution plan. Lack of new orders has led to significant reduction in the current level of operations as compared to its capacity.

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.

Related Reliance Naval and Engineering Ltd. Links:

Reliance Naval Share Price

2.67 -0.14 (-4.98%) Jul 15, 10:31
1 Year Price Chart
Company Name CMP
Shipping Corpn. 59.70
GE Shipping 216.75
Dredging Corp 270.45
Shreyas Shipping 61.00
Essar Shipping 7.05
View more..
Sensex vs Reliance Naval
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719