Reliance Naval & Engineering receives contract termination letter from ONGC

Reliance Naval & Engineering announced that Oil & Natural Gas Corpn has issued a letter dated 30 July 2018, for termination of an old contract dated 16 October, 2009 for supply of 5 out of 12 offshore support vessels. As advised, the termination of aforesaid contract is arbitrary. The Company has taken and will take all necessary steps and actions to protect its rights.

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