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MUMBAI: Despite the promise of `Make in India' and the rhetoric of defence modernisation, the fortunes of India's ship building industry continue to sink, with more and more companies slipping into the red.
The latest addition to the list is L&T Shipbuilding Ltd.
The independent auditors of the L&T Shipbuilding Ltd, a wholly-owned subsidiary of Larsen & Toubro, have raised concerns about the company's continuance as a 'going concern' based on the financials of 2016- 17..