The country’s largest private shipbuilder reported a netdeficit of INR 1.56bn ($25.2m) for the three months to 31 December against net profit of INR186m in same period of 2012.
Revenue for the period declined 39.2% to INR 2.8bn comparedto the third quarter of 2012.
ABG Shipyard is currently in the midst of a debt restructuringafter lenders approved a deal late last month.
The
