Banks awaiting Hazel’s upfront cash payment by July 23

Lenders may move NCLT on Reliance Naval & Engineering debt resolution

The consortium of Swan Energy and Hazel Mercantile is yet to make upfront payment of ₹263 crore for Reliance Naval.

Swan Energy consortium yet to pay upfront money for Reliance Naval debt resolution

Swan Energy said recent events had disturbed the capital markets and caused a major obstruction in raising funds

Swan Energy blames Hindenburg report for inability to raise funds to pay for Reliance Naval

Three-year expansion plan includes becoming a hub for APAC orders, coast guard jetty, second dry dock. Plans to use the facility to bag international orders as the shipyard was also qualified for the maintenance of the Fifth and the Seventh Fleet of the US Navy.

Swan Energy to use Reliance Naval to foray into naval defence contracts, oil & gas and repair

RNEL shares rose 5% on Tuesday, hitting the maximum trading price of the day of ₹2.56. About 2 million buy orders were pending on both the BSE and NSE. As on September 30, 2022, nearly 194,000 small investors held shares of RNEL.

Wagers on Reliance Naval have high risks: Analysts

Once RNAVAL is acquired, the company will have a new and robust sector at its behest, the company’s management said

Swan Energy hits lifetime high after NCLT nod to acquire Reliance Naval

The winning bidder, Swan Energy - Hazel Mercantile team, offered a staggered payment of ₹2,040 crore, while on the net present value (NPV) basis it was ₹1,218 crore. Of the ₹2,040 crore offered by the duo, a sum of ₹1,640 crore will be paid over the next five years, and the remaining payment will be…

Court approves Swan Energy team’s resolution plan for Reliance Naval

This is a significant milestone in the 26-month-long resolution saga of Reliance Naval.

Hazel Mercantile consortium gets NCLT nod for resolution of Anil Ambani’s Reliance Naval

The appeals filed by Jindal Steel and Power and Reliance Infrastructure have been rejected by the NCLT.

NCLT approves Hazel-Swan consortium’s plan for Reliance Naval Defence & Engineering

The National Asset Reconstruction Co (NARCL), is in the process of giving a binding offer to the lenders, one of the persons cited above said. “Considering the judicial delay in getting a plan approved, lenders have approached NARCL to acquire the loans of the shipbuilding company,” said an executiv…

Lenders offer to sell their Reliance Naval loans to NARCL

On March 17, Hazel Mercantile, in partnership with Swan Energy, emerged the winner with 95% of the committee of creditors approving its resolution plan. The lenders later issued a letter of intent terming it the winning bidder.

JSPL moves NCLT seeking stay on Reliance Naval’s resolution process | The Financial Express

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Reliance Naval and Engineering is a defense company engaged in shipbuilding and fabrication