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16
August 2017
Reliance
Infrastructure controlled Reliance Defence and Engineering Ltd (RDEL) is all
set to change its name to Reliance Naval and Engineering Ltd (RNEL). The Total Investment & Insurance
Solutions
The
change of name is in line with the company's focus on building capabilities for
the Indian Navy and Coast Guard, it is learnt. The Total Investment & Insurance Solutions
The
company will seek shareholders' approval for the change in name at the annual
general meeting on August 22, 2017. The
Total Investment & Insurance Solutions
RDEL
was earlier known as Pipavav Defence and Offshore Engineering Company
Ltd.
Reliance
Group acquired the controlling stake in Pipavav Defence in 2016, and changed
the name of the company to Reliance Defence and Engineering Ltd, which is now
being changed to Reliance Naval and Engineering Ltd. The Total Investment & Insurance Solutions
RDEL
has submitted bids for Rs 30,000 crore orders, including Landing Platform Dock
(LPD) and Anti-Submarine Warfare Shallow Water Craft (ASW SWC) for the Indian Navy.
Bids are expected to be opened in September this year.The Total Investment & Insurance Solutions
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