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Anil Ambani signs splashy Russian joint venture for submarine overhaul

Projects Rs 31,000 crore of business from Indian and regional navies

In a first for a private Indian defence company, Pipavav Defence & Offshore Engineering Co Ltd (PDOC) announced on Tuesday a joint venture (JV) with Russia's Zvyozdochka submarine overhaul yard. This positions PDOC nicely for overhauling India's nine Russian-origin kilo-class submarines, and several identical submarines operated by other regional navies. In an announcement in Mumbai on Tuesday, PDOC stated: "The indicative value of work proposed to be undertaken by the proposed JV is approx. (sic) Rs 11,000 crore." PDOC also mentioned "potential additional ...