The shipbuilder responded to media reports that it would bring in a new partner in the summer by saying: "The company is exploring the possibility of the investors so as to improve its financial and operational strength.”
It added talks are at a preliminary stage.
Mahindra Group, Adani and a few foreign players, include some from Singapore, have reportedly been approached.
Last year, a consortium of 22 banks, led by State Bank of India (SBI), restructured $415m-worth of long-term loans and $1.15bn
