United Shipbuilding Corporation of Russia, one of the keen contenders till the Expression-of-Interest process, backed out during the final bidding for R-Naval.
Reliance Naval says cash crunch is impacting progress of existing projects leading to extended timelines & thereby erosion of confidence amongst clients.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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