Cochin Shipyard has informed that the company has signed the Phase-III contract for Construction of the Indigenous Aircraft Carrier on October 31, 2019. The Phase-III contract covers the operational and harbor acceptance trials of various equipment and systems installed onboard and also the Sea Trials of the Carrier. The contract also covers some activities which are to be undertaken post delivery of the vessel including support during weapon & aviation trials. The contract was signed at the Ministry of Defense between Nidhi Chhibber, Joint Secretary & Acquisition Manager (Maritime Systems), MoD and Suresh Babu N V, Director (Operations), CSL. The contract value is above Rs 3,000 crores.
The above information is a part of company’s filings submitted to BSE.
