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Pipavav bags Rs 2,600-cr Navy deal
Date: 07-06-2010Pipavav Shipyard has bagged a Rs 2,600-crore contract to build five offshore patrol vessels for the Indian Navy. With the Navy order in its kitty, the company’s order books have swelled to over Rs 7,000 crore.
The company has been declared as the lowest bidder by the ministry of defence (MoD) for the contract. This will be its maiden foray into building ships for the defence sector. These vessels will be fitted with a 76 mm gun. They will be about 110 meters in length, will have a displacement of about 2,000 tonne and will have a maximum speed of 20 knots. crackcrack