Pipavav Defence emerges as lowest bidder for order worth Rs 221 crore

13 Jan 2014

Pipavav Defence and Offshore Engineering Company has been declared lowest bidder by the Indian Coast Guard, Ministry of Defence, Government of India, for construction of one Training Ship under ‘Buy Indian’ category on a competitive basis. The value of the order would be approximately Rs 221 crore.

Training Ship is intended to provide basic sea training to all Coast Guard personnel and is one of its kind having integral helicopter, capable of operations in all maritime zones of India.

This is consecutive second prestigious recognition by the Indian Coast Guard, Ministry of Defence, Government of India after the company was declared as the lowest bidder for design and construction of fourteen Fast Patrol Vessels for approximately Rs 920 crore.

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.

Related Reliance Naval and Engineering Ltd. Links:

Reliance Naval Share Price

2.79 0.13 (4.89%) Mar 01, 18:43
1 Year Price Chart
Peers
Company Name CMP
Shipping Corpn. 103.70
GE Shipping 307.50
Dredging Corp 414.30
Shreyas Shipping 82.50
Essar Shipping 8.96
View more..
Sensex vs Reliance Naval
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback