The company’s annual general meeting on 20 September will vote on a debt issue of up to INR 10bn ($164m), to be sold from time to time as necessary.
This may take the form of bonds or other financial instruments.
Earlier this year, the shipbuilder unveiled a plan to borrow up to INR 200bn to finance operations.
In January, a majority of its lenders agreed to a payment suspension of two years on INR 111.5bn
