->Blablubbs: Reverted edits by Blablubbs (talk) to last version by 2409:4055:318:B646:0:0:2505:98A0. Mass-rollback accident; self-reverting with apologies

2022-01-02T15:40:41Z

Reverted edits by Blablubbs (talk) to last version by 2409:4055:318:B646:0:0:2505:98A0. Mass-rollback accident; self-reverting with apologies

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{{Use Indian English|date=February 2017}}
{{Use dmy dates|date=September 2013}}
{{Coord|20.922351|71.499571|type:landmark_scale:15000|display=title}}
{{Infobox company
| name = Reliance Naval and Engineering Limited
| logo_size = 250px
| former_name = {{ubl|Pipavav Shipyard Limited|Pipavav Defence and Offshore Engineering Company Limited|Reliance Defence and Engineering Limited<ref name="auto">[https://web.archive.org/web/20170909131350/http://economictimes.indiatimes.com/news/defence/reliance-defence-is-now-reliance-naval-and-engineering-limited/articleshow/60423001.cms]</ref>}}
| type = [[Public company|Public]]
| traded_as = {{BSE|533107}} {{NSE|RNAVAL}}
| foundation = {{Start date and age|1997|10|17|df=yes}}
| location_city = Pipavav Port, [[Rajula]], Amreli district, [[Gujarat]]
| location_country = [[India]]
| area_served = Worldwide
| founders = Nikhil Prataprai Gandhi Bhavesh Prataprai Gandhi
| key_people = [[Anil Ambani]] {{small|(Chairman)}}, Debashis N. Bir {{small|(CEO)}} Nikhil Jain {{small|(CFO)}} Paresh Rathod {{small|(Company Secretary)}}
| ISIN = INE542F01012
| industry = {{ubl|[[Defence industry|Defence]]|[[Shipbuilding]]|[[Heavy industry]]}}
| products =
| services = Ships & offshore Platforms, Pressure Vessels Design, construction, repair and conversion
| revenue = {{loss}} {{INRConvert|14.13|b}} (2018)<ref name=psl-fr-q42014>{{cite web|url=https://www.rnaval.co.in/documents/1365184/1372035/RNaval_AR_2017-18.pdf|title=Financial Results, Q1 2014–15|publisher=pipavav defence and offshore engineering company limited|access-date=14 August 2014|url-status=dead|archive-url=https://web.archive.org/web/20141104101307/http://www.pipavavdoc.com/index.php/investors/financial-results-Q1-2014-2015.pdf|archive-date=4 November 2014|df=dmy-all}}</ref>
| operating_income =
| net_income = {{loss}} {{INRConvert|-9.56|b}} (2018)
| assets = {{loss}} {{INRConvert|99.4|b}} (2018)
| equity =
| num_employees = 367 (March 2018)
| parent = [[Reliance Infrastructure]]
| divisions =
| subsid =
| caption =
| homepage = {{URL|https://www.rnaval.co.in/}}
| footnotes =
| intl =
}}

'''Reliance Naval and Engineering Limited''' ('''R-Naval'''), formerly known as '''Reliance Defence & Engineering Limited''' and prior to that as '''Pipavav Shipyard Limited''' and '''Pipavav Defence & Offshore Engineering Company Limited''' <ref name="auto"/> is an Indian [[shipbuilding]] and [[heavy industry]] company headquartered in [[Mumbai]]. The shipyard is located in [[Pipavav]], [[Gujarat]], at a distance of 90 km South of [[Amreli]], 15 km South of [[Rajula]] and 140 km South West of [[Bhavnagar]]. R-Naval is the first private sector company in India to obtain a licence and contract to build warships.

==History==
Pipavav Shipyard was established as a wholly owned subsidiary of SKIL Infrastructure in 1997 at [[Pipavav]], Gujarat.<ref name=et-plskil>{{cite news |url=http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/Punj-Lloyd-to-exit-Pipavav-Shipyard/articleshow/5730075.cms |title=Punj Lloyd to exit Pipavav Shipyard |work=The Economic Times |date=27 March 2010 |access-date=3 February 2011}}</ref> In 2005, with funding from major Indian financial institutions, the company was spun off and registered as Pipavav Shipyard Limited. Pipavav Shipyard Limited raised additional financing from a number of private equity investors in 2007. The company went public in 2009 with listings on the [[Bombay Stock Exchange|BSE]] and the [[National Stock Exchange of India|NSE]].

Pipavav Shipyard is the first corporate shipyard to be granted clearance to build [[warship]]s and other vessels for the [[Indian Navy]], though the initial licence limits this to up to 5 ships per year.

On March 26, 2015, the Company successfully implemented debt restructuring by raising additional debt of INR 5,500 crore resulting in total debt line in excess of INR 12,000 crore (about US$2 billion).<ref>{{Cite web|url=https://www.livemint.com/Companies/7uXxyeWSGtCRTqklLuAraM/Pipavav-Defence-set-to-restructure-Rs7600-crore-debt-under.html|title=Pipavav Defence set to restructure Rs7,600 crore debt under CDR|first=Vishwanath|last=Nair|date=25 March 2015|website=mint}}</ref> The Company has a market capitalisation ranging between US$700 – 900 million and total enterprise value of USD 2.7 to 2.9 billion.

17.66 per cent of Pipavav was acquired by [[Reliance Infrastructure|Reliance Infrastructure Limited]] on 5 March 2015 in a US$130 mln deal.<ref>{{cite news|url=http://in.reuters.com/article/pipavav-defence-reliance-infrast-stake-idINKBN0M01KT20150304|title=Reliance Infra to take control of Pipavav Defence in $130 mln deal|work=[[Reuters]]|date=4 March 2015|access-date=5 March 2015}}</ref> Subsequently, Reliance Infrastructure launched an open offer to acquire additional shares to control 25.1 per cent of the Company. The open offer has been completed and Reliance Infrastructure now holds 36.5% equity in Pipavav and [[Anil Ambani]] has been appointed as the Chairman.<ref>{{Cite web|url=https://economictimes.indiatimes.com/news/defence/anil-ambani-chairman-of-pipavav-defence-after-rinfra-takes-control/articleshow/50627374.cms|title=Anil Ambani chairman of Pipavav Defence after RInfra takes control|first=Rachita|last=Prasad|via=The Economic Times}}</ref> The company was renamed to Reliance Defence and Engineering on 3 March 2016 and again renamed to Reliance Naval and Engineering Limited on 6 September 2017.<ref>{{Cite web|url=https://www.moneycontrol.com/news/|title=Latest News: India News | Latest Business News | BSE | IPO News|website=Moneycontrol}}</ref><ref>{{Cite news|url=http://www.thehindu.com/business/Industry/reliance-defence-and-engineering-limited-is-renamed-r-navel/article19645496.ece|title=Reliance Defence and Engineering Limited is renamed R-NAVEL|date=2017-09-08|work=The Hindu|access-date=2018-05-18|others=Special Correspondent|language=en-IN|issn=0971-751X}}</ref>

==Facilities==
Pipavav Shipyard is spread over {{convert|500|acre|km2}}.<ref name=psl-about>{{cite web|url=http://www.pipavavshipyard.com/overview.html |title=Overview |publisher=Pipavav Shipyard Limited|access-date=3 February 2011}}</ref> It has access to over 720 meters of exclusive waterfront.

Its [[dry dock]] is 640m length and 65m breadth, It can accommodate ships up to 400,000 tonnes DWT. Two cranes with a span of 140 meters & height of 85 meters together capable of handling up to 1200 Ton block and two Level Luffing cranes are erected to service this dry dock. To facilitate afloat fit-out and commissioning of ships, including afloat repairs, a 300–meter long quay, with the capacity for berthing on both sides, adequate draft and serviced by a Level Luffing crane. The entrance of the dry dock also has a 100-meter extension track for the Goliath cranes for unloading heavy machinery and equipment weighing up to 1200 Tons directly from ships and heavy lift barges.<ref name=psl-innews>{{cite web|url=http://www.pipavavshipyard.com/news.asp|title=In the News|publisher=Pipavav Shipyard Limited|date=20 September 2007|access-date=11 September 2011}}</ref>

Approximately 4.5 kilometres away from the dry-dock, and located on 95 hectares of land in a [[Special economic zone|Special Economic Zone]] approved by the Government of India, a block-making facility has been set up for fabrication of hull blocks. By having located the workshops and fabrication facilities in a SEZ away from the dockyard site, it is able to reserve the maximum area of water frontage available at the shipyard site for ship assembly, offshore fabrication and ship repair activities whilst carrying out its fabrication and other similar activities through a SEZ unit. The blocks manufactured at this site are pre-outfitted to the maximum extent. This is done in the ideal working conditions offered by covered fabrication shops. When ready, the blocks are moved to the dock-side for pre-erection of mega/giga-blocks followed by lowering them on the dock floor for final assembly and vessel launching.

==Products==
*Shipbuilding: [[Bulk Carrier]], [[Platform supply vessel]], [[Barge]]s, [[Naval ship]]s
*Offshore & Engineering: [[Jackup rig]]s
*Heavy Engineering: [[Pressure vessel]]s
*Machinery: [[Gantry crane]]s
*Repairs & Conversions: [[merchant vessel]]s, [[Naval ship]]s, [[Oil Platform]]s, conversion of Mobile [[Offshore Drilling]] Units into Mobile Offshore Production Platforms, conversion of Mobile Offshore Production Units into Mobile Offshore Drilling Units

==Achievements and orders==
From 2011, till January 2015 Pipavav Shipyard delivered 6 new build [[Panamax]] Ship of length 225 metres, 5 new build Offshore supply vessels of length 59 metres and 2 new build Barges. This shipyard has repaired and delivered 6 Jackup rigs of Gross Tonnage in between the range of 6000 to 12000 Tonnes, 1 Pipe Laying and Heavy lifting Accommodation Barge, 1 Offshore supply vessel and 1 Coast Guard Ship.

In June 2010, PSL was awarded a {{INRConvert|26|b}} contract to build five [[offshore patrol vessel]]s for the Indian Navy.<ref name=et-2600cr>{{cite news|url=http://articles.economictimes.indiatimes.com/2010-06-07/news/27599411_1_pipavav-shipyard-navy-deal-navy-order|title=Pipavav bags Rs 2,600-cr Navy deal|work=The Economic Times|date=7 June 2010|access-date=11 September 2011}}</ref>

In July 2015, Pipavav shipyard was chosen for a 'Make in India' naval frigate order. The order value exceeds more than USD 3 bn. This order is being termed as the private sector's biggest-ever warship-building project.<ref>{{Cite web|url=https://economictimes.indiatimes.com/news/defence/biggest-warship-project-russia-selects-anil-ambanis-pipavav-to-make-frigates-for-indian-navy/articleshow/48091024.cms|title=Biggest warship project: Russia selects Anil Ambani's Pipavav to make frigates for Indian Navy|first=Manu|last=Pubby|via=The Economic Times}}</ref>

On 13 February 2017, Reliance Defence and Engineering Limited (RDEL) has signed the Master Ship Repair Agreement (MSRA) with the US Navy to maintain the vessels of its Seventh Fleet operating in the region, with the company estimating revenues of about Rs 15,000 crore ($2 billion) over next 3 –5 years. The Seventh Fleet’s area of responsibility includes the Western Pacific and Indian Ocean and at any given time there are roughly 140 ships and submarines, 5070 aircraft and approximately 20,000 sailors under its command. Currently, these vessels visit Singapore or Japan for such works.
<ref>{{cite news|url=http://www.hindustantimes.com/business-news/reliance-defence-signs-warship-repair-pact-with-us-navy/story-YQD4Q27fyCwxRaXQbl3xnK.html |title=Reliance Defence signs warship repair pact with US Navy |date=13 February 2017 |newspaper=Hindustan Times}}</ref>

==Joint Venture==
On 12 September 2011, it was announced that Pipavav Shipyard entered a joint venture with [[Mazagon Dock Limited]] to collaborately build warships and submarines using Pipavav's facilities. The deal will free up the congested order book of Mazagon shipyard and will give Pipavav a much needed boost in defence shipbuilding.<ref name="profit.ndtv_pipavav">{{cite news |url= http://profit.ndtv.com/news/show/pipavav-mazagaon-dock-to-set-up-jv-to-build-warships-for-indian-navy-177197 |title=JV Pipavav Mazagon|publisher= NDTV India|date=11 September 2011|access-date=13 September 2011}}</ref>
In February, 2014, Pipavav announced a joint venture with Atlas Elektronik to build Heavy Weight Torpedoes.<ref name="indiastrategic_pipavav">{{cite news |url= http://www.indiastrategic.in/topstories3180_Pipavav_defence_partner_Atlas_Elektronik.htm|title=JV Pipavav Atlas Elektronik|publisher= India Strategic|date=7 February 2015|access-date=7 February 2015}}</ref>

==See also==
* [[List of shipbuilders and shipyards]]
* [[Shipbuilding]]

==References==
{{reflist}}

== External links ==
* [http://www.pipavavdoc.com/ Official site of Reliance Defence and Engineering Limited]

[[Category:Shipbuilding companies of India]]
[[Category:Manufacturing companies based in Mumbai]]
[[Category:Shipyards of India]]
[[Category:Indian companies established in 1997]]
[[Category:1997 establishments in Maharashtra]]

Reliance Naval and Engineering Limited - Revision history

->Blablubbs: Reverted edits by Blablubbs (talk) to last version by 2409:4055:318:B646:0:0:2505:98A0. Mass-rollback accident; self-reverting with apologies