Cochin Shipyard lowest bidder for Rs 10,000-cr contract to build missile vessels for Indian Navy

Cochin Shipyard lowest bidder for Rs 10,000-cr contract to build missile vessels for Indian Navy

New Delhi, Feb 23 (PTI) Cochin Shipyard on Tuesday said it has emerged as the lowest bidder for a Rs 10,000-crore contract by the Indian Navy, to build Next Generation Missile Vessels.

The state-owned company has emerged as a forerunner in the Indian shipbuilding and ship repair industry that can build and repair the largest vessels in India.

“At the meeting held today (February 23) at the Ministry of Defence, New Delhi, Cochin Shipyard Ltd (CSL) has been declared as L1 (the lowest bidder) in the tender floated by the Indian Navy for construction of six…Next Generation Missile Vessels (NGMV),” CSL said in a regulatory filing to the BSE.

The estimated order value is around Rs 10,000 crore, the company said.

It said the final announcement of the contract will be subject to the satisfactory completion of necessary formalities in this regard, which will be updated in due course.

Incorporated in 1972, CSL can build ships up to 1,10,000 dead weight tonnage (DWT) and repair ships up to 1,25,000 DWT.

The yard has delivered two of India”s largest double hull Aframax tankers each of 95,000 DWT.

CSL has secured shipbuilding orders from internationally renowned companies from Europe and Middle East and is nominated to build the country”s first indigenous air defence ship. PTI NAM HRS
hrs

Disclaimer :- This story has not been edited by Bollyinsidestaff and is auto-generated from news agency feeds. Source: PTI

News Highlights

  • According to the source, this news is about Cochin Shipyard lowest bidder for Rs 10,000-cr contract to build missile vessels for Indian Navy
  • Check all news and articles from the World news and latest updates.
Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more

For Latest Updates Follow us on Google News

Read Next News
  • Show all
  • Trending
  • Most Viewed

Best Smartphones Under $500

If you are in the market to buy one of the best smartphones under $500 but want something nicer than a midrange flagship handset, there are some ...

Samaa News Bulletin 12pm | Murgi ke gosht ki keematein buland tareen satah per |

newsheadlines #pakistannewslive #latestnews Stay up-to-date on the major news making headlines across Pakistan on SAMAA TV's top of the hour ...

In Japan, vending machines help ease access to COVID-19 tests

According to source In Japan, vending machines help ease access to COVID-19 tests so lets continue. ...

World News | 4th February | Part-1 | BBN NEWS

WorldNews |4th February | Part-1 | BBN NEWS TO subscribe us on youtube: To get the latest News updated visit Our ...News Highlights: World ...

YCP Leaders Joins TDP in Guntur | Nara Lokesh | Andhra Pradesh | TV5 News

YCP Leaders Joins TDP in Guntur | Nara Lokesh | Andhra Pradesh | TV5 News TV5 News is Telugu Live news which gives 24 Hours Live News covering ...

Meghan accuses royals of 'perpetuating falsehoods' in Oprah Winfrey interview

In a second teaser clip released by CBS for the upcoming interview, Meghan said "a lot... has been lost already". She said she could not be ...

Abbott responds to Biden's 'Neanderthal thinking' comments

Texas Gov. Greg Abbott on President Biden calling states who lifted mask-wearing mandates 'Neanderthal thinking.' Subscribe to Fox News!News ...

Show next
Bollyinside - US Local News & Breaking News Stories
Logo
Compare items
  • Total (0)
Compare
0
Shopping cart