Cochin Shipyard bags Rs.1,500 cr Coast Guard order
October 21st, 2010 - 2:53 pm ICT by IANSKochi, Oct 21 (IANS) Cochin Shipyard Limited (CSL) has received an order of Rs.1,500 crore to build 20 fast patrol vessels (FPV) for the Coast Guard, the company said here Thursday.
According to the shipyard, this is the single biggest contract executed by Coast Guard and would go a long way to beef up the coastal security of the country.
“This order has been secured under very severe competition from defence and private yards and has taken the present order book position of the company to 36 ships valued at Rs.6,000 crore,” said the release.
The order book consists of 15 offshore support ships for various international owners and the Coast Guard order for 20 FPVs.
Besides, the yard is executing the indigenous aircraft carrier project for the Indian Navy.
Cochin Shipyard is one of the leading ship building and repair firms in the country. The FPVs have a speed of 35 knots and length of 50 metres. These are used for patrolling coastal areas.
Under the contract, the first ship is to be delivered within 20 months and one every three months thereafter.
- Defence shipyards lose out to private players: Antony - Nov 28, 2011
- Kerala to get Rs.1,500 crore new shipyard - Nov 05, 2011
- Cochin Shipyard delivers its 17th platform supply vessel - Jun 18, 2010
- L&T to build 36 high speed boats for coast guard - Mar 22, 2010
- Post-Mumbai: 3,000 new posts for Coast Guard - Oct 28, 2009
- Defence shipyard eyeing markets in Middle East, Africa - Aug 24, 2011
- Antony to commission modernised Goa Shipyard Saturday - May 19, 2011
- Defence PSUs need to increase efficiency: Minister - Oct 25, 2011
- 'Warship delays not linked to Mazagon Docks upgrade' - Nov 23, 2011
- Goa shipyard to work out deal with Coast Guard: Official - Aug 30, 2010
- Brand new Indian Navy with long legs by 2027: Admiral Verma - Dec 02, 2011
- Goa shipyard to build six patrol vessels for Coast Guard - May 09, 2012
- Defense Ministry gives Rs 281 crore contract to Bharti Shipyard - Mar 06, 2009
- Coast Guard to be largest water protection force by 2018 - Sep 27, 2011
- Goa Shipyard posts Rs.176 crore profit - Aug 24, 2011
Tags: aircraft carrier, carrier project, coast guard, coastal areas, cr, crore, csl, indian navy, knots, offshore support, patrol vessels, private yards, repair firms, rs 6, ship building, shipyard, support ships, three months