The change of name is in line with the company'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, 2017.
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 name of the company to Reliance Defence and Engineering Ltd, which is now being changed to Reliance Naval and Engineering Ltd.
RDEL has submitted bids for Rs 30,000 crore orders, including Landing Platform Dock (LPD) and Anti-Submarine Warfare Shallow Water Craft (ASW SWC) for the Indian Navy. Bids are expected to be opened in September this year.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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