Pipavav Shipyard Ltd on Monday said it won an order from the Indian Navy worth Rs 2975 crore (USD 659.6 million) and swung to a consolidated net profit in full year FY11, sending its shares up as much as 3.75%.
Nikhil Gandhi, chairman, Pipavav Shipyard, talks to CNBC-TV18 about the expected stake sale of the company and highlights the way forward.