Mozambique’s hidden debts debacle rolls on, even after a London high court judge this year awarded the country more than $2bn in damages and indemnities from Privinvest, supplier of these boats.
This comes as Boats revenue fell 5% in FY24 to Rs 3,285 crore, while it halved losses to Rs 70.8 crore. Sources said theres a consolidation underway in the sector and that the recent Diwali season ...