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SHIPBUILDING CONSORTIUM
Indian ports turning into logistics and industrial hubs, shipping secretary tells investors in SingaporeIndia's ports are becoming major logistics hubs. Cargo capacity has doubled and will reach 3,500 million tonnes per annum by 2030. The nati...- Garden Reach Shipbuilders and Engineers, Hindustan Shipyard Limited sign pact for shipbuilding programmeThe partnership envisages the construction of advanced maritime platforms and is expected to contribute to the enhancement of the country's...
- Trump plans executive order to strengthen US shipbuilding, blunt China dominationThe U.S. plans to impose fees on imports from Chinese ships and provide tax incentives to strengthen domestic shipbuilding. This initiative...
- Consortium of state-run companies to develop, run ports overseasIndia is forming a state-owned consortium, Bharat Global Port Consortium, to develop and operate overseas ports. Initiatives such as the 'O...
- India's biggest bank fraud case: How ABG Shipyard steered the scam ship to divert fundsABG Shipyard Ltd, accused in India's biggest bank fraud case, created 27 "paper companies" and used 38 Singapore-based group entities to di...
- Swan Energy gets board nod for raising Rs 4,000 croreSwan Energy recently announced that it made a repayment of ₹40 crore debt towards the entire fund-based facilities of its textile unit to t...
- Swan Energy repays Rs 40 crore textile unit debtThis move is a part of Swan Energy's aim to significantly reduce the debt position in its books. The debt repayment shows Swan Energy’s goa...
- ABG Shipyard fraud: Independent directors under scanner nowThere were four independent directors on the board of ABG Shipyard including two nominated by one bank that is part of the consortium. The ...
- CBI registers case against ABG Shipyard in Rs 22,842 crore fraudThe case has been registered against ABG Shipyard and it's Directors for allegedly duping a consortium of 28 banks. The case has also been ...
- Reliance Naval receives three bids, APM Terminal & Navin Jindal Group are among biddersEarlier 12 companies had expressed interest in acquiring R-Naval, but finally, out of those 12 who had submitted EOIs, only three companies...
- Navy cancels Reliance Naval and Engineering Ltd's Rs 2,500-crore NOPV contractThe contract to build five warships was signed with the company in 2011, much before the Reliance Group took over the Gujarat-based shipyar...
- India keen to acquire shipbuilding tech from Russia as Modi-Putin visits modern shipyard in VladivostokModi, in a dark bandhgala, and Putin were seen sitting together on the ship on the way to the shipyard.
- National Company Law Tribunal orders liquidation of ABG ShipyardThe liquidation orders were pronounced at a courtroom on Friday after Liberty House’s plea was heard by the tribunal.
- GAIL tender offers easier terms for local shipbuildingGAIL is seeking to hire at least nine carriers, a third of which must be built locally, according to a fresh tender issued by the company.
- Banks to release Rs 650 cr to ABG Shipyard soon under corporate debt restructuring dealABG Shipyard, which is under a CDR, will receive Rs 650 crore infusion from lenders by this month-end.
- ABG Shipyard's Rs 11,150-crore CDR proposal delayedThe company has short-term loans worth Rs 10,650 crore, which include working capital loans, letters of credit and guarantees, from a conso...
- Bharati Shipyard promoters to infuse Rs 118 cr for CDRBharati Shipyard have agreed to infuse Rs 118 crore fresh capital into the debt-laden company.
- SCI floats four joint venturesShipping Corporation of India floats four joint venture companies for its proposed foray into shipbuilding.
- SKIL, IL&FS to set up engineering SEZ at PipavavA need for better synergy is driving two big players in the state to speed up allied projects.
- GE Shipping takes delivery of new tankerGreat Eastern Shipping Company Ltd today said it has taken delivery of a new building MR product tanker 'Jag Prakash'.
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