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i-maritime News Service

Pipavav, Mazagon Docks tie up to build warships - 2012-07-23

Pipavav Defence and Offshore Engineering Company, formerly Pipavav Shipyard Ltd, has signed a shareholders' agreement with Mazagon Docks Ltd on Saturday to build surface warships for the Indian Navy within globally competitive price lines and timelines.

Pipavav has the largest dry dock in the country, and was selected to partner MDL to aid it in building surface warships in a process spanning 17 months. It is the first private company in India to be awarded the contract to build five ships for the Indian Navy through a bidding process in 2011.

Source : Hindu Business Line