 "Reliance Defence bags Rs 916 cr contract from Defence Ministry")
Reliance Infrastructure Limited (RInfra) promoted Reliance Defence and Engineering Limited (RDEL) has bagged a contract worth Rs 916 crore from Ministry of Defence (MOD), Government of India, for design and construction of fourteen fast patrol vessels (FPVs) for Indian Coast Guard.
FPV’s are medium range, high speed vessels; it is primarily utilised for patrol within exclusive economic zone (EEZ), costal patrol, anti-smuggling, antipiracy, search & rescue operations. It also supports front line warships in the hour of need.
This is the first time, a private sector shipyard has been awarded a contract to design and build such class of ships for Indian Armed Forces. RDEL will be developing the design in-house.
“Reliance Shipyard with the largest dry-dock of the country has successfully mastered the block-construction technique through unique ‘modular construction technology’ for building large ships for both commercial usage and Navy. The shipyard with state-of-the-art technology, processes and skilled man-power is well poised to deliver any class of vessel in a most optimum timeframe,” said RInfra in a press statement.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%