JSC United Shipbuilding Corporation, Chowgule and Company Private Limited, APM Terminals Management B.V., Hazel Mercantile Limited and half a dozen asset reconstruction firms have filed expressions of interest to buy Reliance Naval and Engineering Limited (BSE:533107). The deadline for filing the EoI ended on August 21, 2020. The asset reconstruction companies that have submitted interest include ARCIL, IARC, JM ARC, CFM ARC, Invent ARC and Phoenix ARC, multiple sources said.

Interups, Inc. (OTCPK:ITUP) and Next Orbit Ventures have also shown interest. RNavalhas become attractive to bidders after the government announced a ban on import of 101 weapons and military platforms by 2024 to boost local defence production.