Indian Navy Developments & Discussions

Prashant12

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Cochin Shipyard lowest bidder for Rs5,400 crore Indian Navy contract

Cochin Shipyard said it has emerged as the lowest bidder for an Indian Navy order for eight vessels

New Delhi: Cochin Shipyard Ltd (CSL) on Tuesday said it has emerged as the lowest bidder for a project of the Indian Navy and the Rs5,400 crore contract for eight vessels is likely to be concluded after due process.

“CSL has received communication from the Integrated Headquarters, Ministry of Defence (Navy) that the Company has emerged as the L1 bidder for 16 X ASW SWC Project for the Indian Navy,” the company said in a filing to BSE. The contract for eight vessels at a cost of about Rs5,400 crore is expected to be concluded with the Ministry of Defence after due process, it said.

The company said the order was bagged against a competitive tender issued by the ministry in which both private and public sector yards had participated. CSL is the only shipyard in India that can build up to 1,10,000 DWT (deadweight tonnes) with a track record of making tankers, bulk carriers, port crafts and passenger vessels, among others.

The company is into constructing platform supply vessels for exports and aircraft carrier for the Indian Navy. According to CSL, it is the only shipyard in the country which can fix vessels up to 1,25,000 DWT, and repair an air defence ship. India’s first indigenous aircraft carrier, INS Vikrant, is in its final stage of construction at CSL.

CSL completed its landmark IPO in August, attracting more than Rs1.11 lakh crore as against the offer size of Rs1,442 crore. The company, which is under the shipping ministry, was listed on BSE and NSE on 11 August this year. The CSL stock gained nearly 11% to close at 572.40 on BSE.

http://www.livemint.com/Companies/J...west-bidder-for-Rs5400-crore-Indian-Navy.html
 

MKM

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Cochin Shipyard rises 9% on order win worth Rs 5400 crore from Indian Navy
The company has emerged as the L1 bidder for 16 X ASW SWC project for the Indian Navy.





















Moneycontrol News

Shares of Cochin Shipyard advanced more than 9 percent intraday Tuesday on order win worth Rs 5400 crore.


The company has emerged as the L1 bidder for 16 X ASW SWC project for the Indian Navy.

The company has received communication from the Integrated Headquarters, Ministry of Defence (Navy), New Delhi.


The contract include eight vessels at a cost of about Rs 5400 crore, which 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.

At 14:42 hrs Cochin Shipyard was quoting at Rs 560.70, up Rs 44.70, or 8.66 percent on the BSE.

The share touched its 52-week high Rs 580 and 52-week low Rs 432 on 12 September, 2017 and 10 August, 2017, respectively.
http://www.moneycontrol.com/news/bu...h-rs-5400-crore-from-indian-navy-2409067.html
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So CSL will build only 8 vessels
 

NeXoft007

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DRDO said Arudhra Radar can be used as Shipborne Radar. Now that RAN-40L Radar is nowhere to be seen. Is it possible to used our desi radar onboard INS Vikrant? The range of both is same i.e. 400km with 30km altitude surveillance. But one major advantage is Arudhra is a 4D Radar while RAN-40L is a 3D Radar. Will our Navy go for naval version of Arudhra?
 

Kalki_2018

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Isn't CSL already making the 50 m Aadesh class ships for ICGS? There is no reason they cannot make a 70 m long ASW corvette. It will probably not carry any missiles (except SAM's) .
 

gslv markIII

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Look at point 2, clearly written that Arudhra can be used as shipborne radar
There was this NMDR radar shown in BEL's site, there is a good chance that it might be based on technologies developed for Arudhra.

It might even be the naval variant of Ashwini.
 

gslv markIII

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Is't CSL is most trade-union ridden shipyard in India ? Just hope these commi scum don't derail our plan with their stupid demands
Hardly. There have hardly been any strikes & it still is the public sector shipyard with a large number of exports.
 

binayak95

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Update

  • LHD file is facing delays
  • No contract will be signed this year

  • MCMV is also delayed
  • It is postponed to next year

Bas navy ko hi ignore karo. The one player that has delivered on indigenous design and production and the one most essential to counter China. Any updates on Naval Helicopters programme under SP?
 

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