S Thomas 588 days ago

The cash strapped Reliance Naval & Engineering Ltd. (RNEL) – an ADAG company, overshot the deadline for manufacture of 5 naval offshore patrol vessels (NOPVs) by 4 years. The Navy encashed the bank guarantee worth over ₹100 crore but magnanimously decided not to cancel the contract worth over ₹2,500 crore.

The government''s is certainly in no hurry to enhance operational capabilities of the Indian Navy. Otherwise, they wouldn''t have given a long rope to Reliance Naval & Engineering Ltd. vis-a-vis delivery of the naval offshore patrol vessels (NOPVs).

Anil Ambani''s Reliance Defence, now known as Reliance Naval and Engineering is in the reckoning for the ₹21,000 crore naval utility

helicopter deal. The company should have been blacklisted, but is in the forefront vis-a-vis defence deals. And, there''s no need to speculate why.