The bank guarantees of Reliance Naval and Engineering Limited has ordered to supply five offshore patrol vessels, which have been enchased, reports Navy Chief Admiral Sunil Lanba on Monday. He further asserted that the group has been offered preferential treatments.
During the annual Navy Day press conference, Admiral Lanba has responded to a question of whether the action was taken against Anil Ambani-run firm for late delivery of these vessels.
As per the reports, Rs. 2500 crore orders for Naval Offshore Patrol Vessels were bagged in the year 2011 by Pipavav Defence that took over by Reliance Naval.
The first ships were likely to be delivered by 2015 but were launched in July 2017.
The Navy Chief has denied that there was pressure to protect RNEL and added that “There is no preferential treatment being given to RNEL. Its bank guarantees have been encased by the Navy, so punitive action has been taken against RNEL.”
“It has not been canceled at the moment but the contract is being looked at and is being examined and what we need to do with it,” added Admiral Lanba.
Sources asked Reliance Naval Engineering Limited to comment over the Naval Chief’s statement but they are unlikely to answer questions over the issues.