Reliance Defence Signs Contract with Ministry of Defence (Download PDF)

()

Download PDF of This Page (Size: 198.46 K)

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 Rs. 916 crore. The company has emerged winner through a competitive bidding process undertaken by MOD.

Reliance Defence Signs Contract for 14 FPVs with MOD

Reliance Defence Signs Contract for 14 FPVs with 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 Rs. 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

Logo for Pipavav Shipyard

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.

- Published/Last Modified on: March 17, 2017

Defense

Monthy-updated, fully-solved, large current affairs-2019 question bank(more than 2000 problems): Quickly cover most-important current-affairs questions with pointwise explanations especially designed for IAS, NTA-NET, Bank-PO and other competetive exams.