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Bharat Heavy Electricals (BHEL), Mishra Dhatu Nigam (Midhani) and Hindustan Shipyards (HSL) have come together to form a consortium for building submarines indigenously. The consortium will jointly stake claim with the Ministry of Defence for being considered as a prospective bidder for the proposed P-75 (I) project of the Indian Navy for building six submarines at an Indian shipyard.

To this effect, a Memorandum of Understanding (MoU) towards setting up the consortium was signed on December 26, 2014. The consortium between these three PSUs is a giant step in the direction of the ‘Make In India’ initiative of the government, especially for catering to the defence sector. The consortium will also provide the country with a credible domestic alternative for manufacture of submarines.

BHEL is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products, systems and services for the core sector companies in the field of power, transmission, transportation, renewable energy, oil and natural gas and defence.

Peers
Company Name CMP
Bharat Heavy Elect. 432.85
Thermax 3564.05
Kirloskar Industries 3699.10
Skipper 554.15
INDO-MIM 1013.85
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