Reliance Defence Signs Contract with Ministry of Defence

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Reliance Defence and Engineering has signed a contract with Ministry of Defence. Contract is to design and construction of 14 fast patrol vessels (FPVs) for Indian coast guard, for an amount of ₹ 916 crore. The company has emerged winner through a competitive bidding process undertaken by MOD.

Reliance Defence Signs Contract for 14 FPVs with MOD

About contract

  • Contract is to design and construction of 14 fast patrol vessels (FPVs) for Indian coast guard, for an amount of ₹ 916 crore.
  • Virtually all private sector and public sector Shipyards had bid for project, including Larsen and Toubro, Cochin Shipyard, Goa Shipyard, and Garden Reach Shipbuilders and Engineers.
  • This is the first time, a private sector shipyard has been awarded a contract to design and build such class of ships for the Indian armed forces.
  • Reliance Defence and Engineering has emerged winner through a competitive bidding process undertaken by MOD.
  • The shipyard of Reliance Defence and Engineering has largest dry-dock in country with considerable expertise in modular construction technology for building large ships for both commercial usage and navy.

About fast patrol vessels (FPVs)

  • These ships are medium range, high speed vessels.
  • It is primarily used for patrol within the exclusive economic zone, costal surveillance, and anti-smuggling, anti-piracy, search and rescue operations.
  • They also support front-line warships in the hour of need.

About Reliance Defence and Engineering Limited

Logo for Pipavav Shipyard
  • Industry: Shipbuilding and Heavy industry
  • Founded: 1997
  • Founder: Nikhil Prataprai Gandhi, Bhavesh Prataprai Gandhi
  • Headquarters: Mumbai, India
  • Area served: Worldwide
  • Key people: Anil Ambani (Chairman)
  • H. S. Malhi (CEO)
  • Services: Ships & offshore Platforms, Pressure Vessels Design, construction, repair and conversion
  • Reliance Defence and Engineering Limited (formerly known as Pipavav Shipyard Limited & Pipavav Defence and Offshore Engineering Company Limited) is an Indian shipbuilding and Heavy industry company headquartered in Mumbai.

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