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Reliance Defence & Engineering signs SCA with Gujarat Maritime Board

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Capital Market

To carry out defence and commercial shipyard activities

Reliance Defence & Engineering has signed Sub-Concession Agreement with Gujarat Maritime Board and Gujarat Pipavav Port at Gandhinagar, Gujarat. The SCA is for a period of 30 years expiring in June 2046.

The SCA inter alia grants sub-concessions, right and authority to Reliance Defence & Engineering to build, operate and manage Defence / Commercial Shipyard Activities on the terms and condition mentioned therein.

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First Published: Jul 22 2016 | 11:54 AM IST

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