Moneycontrol
Oct 10, 2017 03:04 PM IST | Source: Moneycontrol.com

Cochin Shipyard bags order worth Rs 5400 crore

CSL has received communication from the Integrated Headquarters, Ministry of Defence (Navy), New Delhi - 110021 that the Company has emerged as the L1 bidder for 16 X ASW SWC Project for the Indian Navy.

Cochin Shipyard bags order worth Rs 5400 crore
CSL has received communication from the Integrated Headquarters, Ministry of Defence (Navy), New Delhi - 110021 that the Company has emerged as the L1 bidder for 16 X ASW SWC Project for the Indian Navy.

The contract for eight vessels at a cost of about Rs.5400 crore is expected to be concluded with the Ministry of Defence after due process. The order was bagged against a competitive tender issued by the Ministry of Defence in which both private and public sector yards had participated.

Further updates will be kept informed to the Exchanges in due course.
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