Pipavav Shipyard bags Rs 2500 crore worth order from the Indian navy

Pipavav Shipyard has bagged Rs 2500 crore worth order from the Indian navy. The order which is cleared by the Cabinet committee of security, is to manufacture gun boats.

Recently, the company signed Memorandum of Understanding (MoU) with UK based Babcock group to work together to build next generation proposed aircraft carrier acquisition plan for the Indian Navy.

Pipavav Shipyard is the first private sector Shipyard in India post independence to be approved for building of warships.