India’s Pipavav Shipyard almost broke even in the third quarter as revenues more than doubled.
The Bombay-listed builder, which recently saw state-owned Shipping Corp of India (SCI) pull out of a share purchase, was dragged into the red by higher financial expenses, however.
The net loss for the three months to the end of September was INR 21.98m ($0.5m) as against a deficit of INR 269.7m
