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Cochin Shipyard gets Rs 6,311 cr contract for anti-submarine

Press Trust of India  |  Kochi 

State-run Limited (CSL) here Tuesday signed a Rs 6,311 crore contract with the for construction of eight anti- warfare shallow water crafts (ASWSWCs) for the

CSL was the successful bidder (L1) in the tender floated by the for this project and the contract was signed in New Delhi, a release from the company said here.

The order value for these eight vessels is pegged at Rs 6,311.32 crore. The first ship is to be delivered within 42 months from contract signing date and subsequent balance delivery schedule will be two per year, it said.

The project will have to be completed within 84 months from Tuesday.

CSL is the second to bag contract from the for

The ministry had on Monday awarded Kolkata-based state-run (GRSE) the contract to build another eight ASWSWCs with an identical delivery schedule.

The CSL release said the proposed are designed for a deep displacement of about 750 tonne, speed of 25 knots and complement of 57 and capable of full scale sub-surface surveillance of coastal waters and co-ordinated ASW operations with aircraft.

In addition, the vessels will have the capability to interdict/destroy sub-surface targets in coastal waters and can also be deployed for search and rescue by day and night in coastal areas, it said.

In their secondary role, they will be capable of 'prosecuting' intruding aircraft and lay mines in the sea bed.

The vessels will be equipped with highly advanced state-of-the-art integrated including propulsion machinery, auxiliary machinery, power generation and and damage control machinery etc.

"The ASWSWC Corvettes are also being built Class standards, in addition to the owner specific requirements, the release said.

CSL said it was having a robust order book in shipbuilding and repair and the ASWSWC contracts augur well for the company into the future.

It was currently investing a total of Rs 2,769 crore in building a new 310 M long dry dock and a shiplift based Ship Repair yard at here, the release said.

Presently, CSL is first Indigenous Aircraft Carrier for the which is in advanced stages of testing and commissioning.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 30 2019. 20:10 IST