Pipavav Defence and Offshore Engineering Company (Pipavav Defence) has secured a prestigious order to build two numbers of Offshore Patrol Vessels (OPVs) for the West African Client. The contract value is pegged at Rs 1,192 crore along with two option ships, which can be exercised by the client within 24 months upon which the contract value may go up to Rs 2,504 crore.
Both the ships are to be delivered in 32 months including option ships, if exercised. It is a 95 meter long vessel and very similar to five numbers of Indian Navy contract the company had received last year from Ministry of Defence. This is the first international major naval segment (foreign military sales) contract.
Besides, the company is negotiating for four numbers corvette type warships with a global major. One of the thrust areas of the company is to focus on foreign military sales to the friendly countries.
Pipavav Defence and Offshore Engineering Company is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit spread over around 95 hectares of land and another export oriented unit (EOU) spread over around 103.92 hectares of land.
| Company Name | CMP |
|---|---|
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| Cochin Shipyard | 1718.95 |
| VMS Industries | 24.45 |
| Knowledge Marine & E | 2036.80 |
| Laxmipati Engineerin | 252.00 |
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