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    533107   INE542F01012

RELIANCE NAVAL AND ENGINEERING LIMITED

(533107)
  Report
End-of-day quote. End-of-day quote Bombay Stock Exchange - 01/25
3.8 INR   +4.11%
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2021R-Naval Receives 3 Bids
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

R-Naval Receives 3 Bids

08/17/2021 EST

APM Terminals and Navin Jindal Group are among three firms that have submitted final bids for Reliance Naval and Engineering Limited (BSE:533107) (R-Naval), banking sources said. A consortium of Gulf Marine Services PLC (LSE:GMS), Dubai and Turkeys'' Besiktas Shipyard was the third bid submitted at the close of bidding last week, they said. The Committee of Creditors (COC) will be meeting this week for an evaluation of these bids. Earlier 12 companies had expressed interest in acquiring R-Naval, but finally, out of those 12 who had submitted EOIs, only three companies have submitted the final bids. The resolution of R-Naval debt will take place through NARCL AMC, they said. IDBI is the lead Banker of R-Naval. The 12 applicants who had submitted EOIs were APM Terminals, JSC United Shipbuilding Corporation (Russia), Hazel Mercantile Limited, Chowgule and Company Private Limited, Interups, Inc. (OTCPK:ITUP), Next Orbit Ventures Private Limited, International Asset Reconstruction Company Private Limited (ARCIL), International Asset Reconstruction Company Private Limited (IARC), JM Financial Asset Reconstruction Company Limited (JM ARC), CFM Asset Reconstruction Private Limited (CFM ARC), Invent Assets Securitisation & Reconstruction Pvt.Ltd. (Invent ARC) and Phoenix ARC Private Limited (Phoenix ARC). United Shipbuilding of Russia, who was one of the keen contenders till the EOI process, backed out of the final bidding process because the company management believed that the pipeline of new defence naval business was not clear, sources said.


ę S&P Capital IQ 2021
All news about RELIANCE NAVAL AND ENGINEERING LIMITED
2021Hazel Mercantile Limited agreed to acquire Reliance Naval and Engineering Limited.
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2021USC Still Mulls Possibility of Buying Shipyard in India
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2021R-Naval Receives 3 Bids
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2021Reliance Naval and Engineering Limited Appoints Shri Rakesh Moreshwar Kanzode as Compan..
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2021Reliance Naval and Engineering Limited Reports Earnings Results for the First Quarter E..
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2021APM Terminals Keen on Buying Reliance Naval and Engineering
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2021Reliance Naval and Engineering Limited Announces Demise of Debashis Bir as Director
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2021Reliance Naval and Engineering Limited Announces Resignation of Avinash Godse, as Compa..
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2021Jindal Reportedly Keen to Acquire Reliance Naval & Engineering
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2020United Shipbuilding Corporation Looks to Buy Reliance Naval
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Financials
Sales 2020 884 M 11,8 M 11,8 M
Net income 2020 -17 607 M -235 M -235 M
Net Debt 2020 129 B 1 724 M 1 724 M
P/E ratio 2020 -0,06x
Yield 2020 -
Capitalization 2 803 M 37,4 M 37,4 M
EV / Sales 2019 69,6x
EV / Sales 2020 147x
Nbr of Employees 290
Free-Float 68,2%
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Managers and Directors
Madan Gopal Pendse Chief Financial Officer, Director & Controller
Rakesh Moreshwar Kanzode Secretary & Compliance officer
Venkata Rachakonda Non-Independent Non-Executive Director
Shiby Jobby Non-Independent Non-Executive Director