The Rs 2,500-crore Chowgule Group announced a split on Thursday, with businesses being divided between siblings Vijay and Padma, the third generation of the Goa-based family. After months of dissonance where the young family members had shown discomfort at business affairs in the over-a-century-old, reticent group, the family arrived at an amicable settlement of businesses on Wednesday in a meeting, a source told PTI. As part of the settlement, termed as a group "restructuring" exercise, Padma Chowgule will get control of the mining, pellets, salt, shipbuilding and educational institutes, according to an official statement.
The contract was cancelled two weeks ago due to the delay in the delivery of the vessels, sources said. The contract to build five warships was signed with the company in 2011, much before the Reliance Group took over the Gujarat-based shipyard from its erstwhile owner Nikhil Gandhi.
Japan's fourth largest steelmaker Kobe Steel plans to set-up an iron nugget plant in India and is currently in discussions with the diversified Chowgule group of Goa.
In our special series re-visiting great Hindi film classics, we look back at Sunny Deol and Dimple Kapadia starrer Arjun, 1985.
'Goa is about community living, but blending in takes time.'
News of all that's transpired on and off the football field
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances