Pipavav Defence and Offshore Engineering Company has been declared lowest bidder by the Indian Coast Guard, Ministry of Defence, Government of India, for design and construction of fourteen Fast Patrol Vessels (FPVs) under the competitive bidding process. The value of the order is approximately Rs 920 crore. The company had recently bagged another prestigious contract for five Naval vessels amounting to around Rs 2,975 crore which has been received from Ministry of Defence, and is under execution.
FPVs are medium range surface platforms with water jets and primarily utilized for patrol within exclusive economic zone (EEZ), coastal patrol, anti-smuggling, antipiracy and search & rescue operations.
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.
