Millennium Post

Reliance Naval and Engineering Q4 loss widens to Rs 409 cr

New Delhi: Reliance Naval and Engineering Ltd (RNAVAL) today reported widening of standalone loss at Rs 408.6 crore for the quarter ended March 31, 2018.
The company - formerly known as Reliance Defence and Engineering Ltd - had posted a loss of Rs 139.92 crore in the year-ago period, the company said in a BSE filing.
Standalone total income in January-March 2017-18 dropped sharply to Rs 34.7 crore from Rs 250.8 crore.
However, total expenses increased to Rs 249.3 crore over Rs 223 crore.
RNAVAL operates India's largest integrated shipbuilding facility with dry dock. It houses the only modular shipbuilding facility with a capacity to build fully fabricated and outfitted blocks. The fabrication facility is spread over 2.1 million sq ft.

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