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.
Source : BSE