Reliance Naval & Engineering (RNAVAL) has received a termination and evacuation notice dated March 16, 2020 from Gujarat Pipavav Port [APM Terminal Pipavav (GPPL)] for termination of Sub-Concession Agreement executed for land parcels owned by Gujarat Maritime Board and sub leased by GPPL to the Company for shipbuilding activity.
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.
