India's ABG Shipyard said on Tuesday it is in a "deep financial crisis" after it belatedly revealed a loss of INR 8.22m ($127m) for the final three months of 2016.
This was down from INR 12.66bn in the same period of 2015, but the company added that with limited resources and a high attrition rate for workers, it has closed all operations except shiprepair at a very low level.
