Thursday 31 May 2018

L&T Shipbuilding’s auditors raise ‘going concern’ doubts

SOURCE: PTI Multiple years of losses have substantially eroded the networth of engineering major L&T’s shipbuilding arm and led its independent auditors to cast significant doubt over whether the company can continue as a “going concern”. L&T, the parent, however said its investment in L&T Shipbuilding is strategic and affirmed its financial support. In accounting […]

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