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Cochin Shipyard lowest bidder for Rs 10,000 crore contract to build missile vessels for Indian Navy

"At the meeting held today (February 23) at the Ministry of Defence, New Delhi, Cochin Shipyard Ltd (CSL) has been declared as L1 (the lowest bidder) in the tender floated by the Indian Navy for construction of six...Next Generation Missile Vessels (NGMV)," CSL said in a regulatory filing to the BSE. Cochin Shipyard on Tuesday said it has emerged as the lowest bidder for a Rs 10,000-crore contract by the Indian Navy, to build Next Generation Missile Vessels. The state-owned company has emerged as a forerunner in the Indian shipbuilding and ship repair industry that can build and repair the largest vessels in India. "At the meeting held today (February 23) at the Ministry of Defence, New Delhi, Cochin Shipyard Ltd (CSL) has been declared as L1 (the lowest bidder) in the tender floated by the Indian Navy for construction of six...Next Generation Missile Vessels (NGMV)," CSL said in a regulatory filing to the BSE. The estimated order value is around Rs 10,000 crore, th...

India Set For Huge Defence Leap: From Drones To Missiles, List Of Military Trials In 2021

2020 has been an extraordinary year for the Indian defence developments. From the boost of Rafale to the record testings of missiles, gun systems and defence equipment, India has exponentially achieved the status of self-reliant defence power. Taking the momentum ahead, 2021 is all set for a series of military tests and trials planned for the year. Representative Image In 2021 the defence preparedness will be entirely in line with the motto of "Atmanirbhar Bharat". All DRDO achievements of 2020 will be carried forward in the induction exercises in 2021. Ballistic Missile Defence (BMD) shield, an Air-Independent Propulsion (AIP) system for submarines, and drones and a number of missiles, including a BrahMos with an 800-km range, will be the highlights of the 2021 defence endeavours. Important trials in 2021 The year will begin with the trials of the Air-Independent Propulsion AIP, which is aimed for integration with India’s fleet of six Scorpene submarines during a refit. The...