"We are the lowest price bidder for the order. Now the government is evaluating other aspects before placing the order. We are hopeful of a positive outcome but things are not final yet," Commodore Ratnakar Ghosh, Director (shipbuilding), GRSE, told PTI.
Few days ago, a team from the Philippines Navy visited the facilities of the Kolkata-based shipyard and expressed satisfaction at the infrastructure.
"If you look at the infrastructure nobody is better than us. We have been in negotiations with them for the last two years and now they are examining other bidders also," company chairman and managing director Rear Admiral (Retd) A K Verma said.
The shipyard already has the distinction of exporting India's first warship, an offshore patrol vessel, to Mauritius in December 2014.
Buoyed by the success, GRSE had participated in the bidding process for building two frigates for the Philippines.
As per the specifications laid down by the Philippines government, they want two light frigates of 109 meter length which can run at a speed of 25 knots.
Officials said these are for general purpose use in protecting their maritime boundaries.
"In between we have the capacity to build these frigates for them," Verma said.
GRSE has also built INS Kamorta, first in its class of four anti-submarine warfare corvettes, which is the first warship ever built in the country with almost 90 per cent of indigenous content.
Ghosh said they are in touch with other nations like Vietnam and Bangladesh for building warships.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
