Government plans to anchor oil tanker production via SPVs
India's Ministry of Ports, Shipping and Waterways to invest in oil tanker manufacturing through SPVs with equity and loans.
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Reliance Naval & Engineering renamed as Swan Defence & Heavy Industries; check details
Additionally, the company aims to establish itself as a major player in green ship-breaking ... owns a 74% stake in the SPV, with the remaining share held by Hazel Mercantile.