Reliance Defence & Engineering (RDEL) has emerged as the lowest bidder for building 14 fast-patrol vessels for Indian Coast Guard valued at Rs 920 crore. Goa Shipyard Limited was the L2 bidder while L&T L3 bidder.The vessels will be designed in-house and built by the company at its Pipavav Shipyard.
RDEL's senior confirmed the development and told Business Standard, ''The company is hopeful of signing the contract soon.''
The fast patrol vessels are primarily designed for patrolling anti-smuggling and anti-terrorist operations, fisheries protection and search and rescue. Besides, these vessels support Navy during wartime as a coastal convoy escort and a communication link.
