Reliance Defence to become Reliance Naval

New Delhi: Reliance Infrastructure controlled Reliance Defence and Engineering Ltd (RDEL) is all to change its name to Reliance Naval and Engineering Ltd (RNEL). The change of name is in line with the firm’s focus on building capabilities for the Indian Navy and Coast Guard, it is learnt. The company will seek shareholders’ approval for the change in name at the annual general meeting on August 22. RDEL was earlier known as Pipavav Defence and Offshore Engineering Company Ltd.  Reliance Group acquired the controlling stake in Pipavav Defence in 2016, and changed the company’s name to Reliance Defence and Engineering Ltd, which is now being changed to Reliance Naval and Engineering Ltd. IANS

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