Defence Public Sector Unit (DPSU) Cochin Shipyard Limited (CSL) has been declared as lowest bidder (L1) by the Indian Navy, Ministry of Defence for the MR / Mid Life Upgrade of an Indian Naval Ship.
The final contract is expected to be signed soon.
The estimated contract value is around Rs 300 crore approx. and the estimated duration is around 24 months.
The MR/Mid Life Upgrade project involves essential modifications and improvements to extend the operational lifespan and enhance the capabilities of the Indian Naval Ship.
About Cochin Shipyard Limited
Cochin Shipyard was incorporated in 1972 as a Government of India company, with the first phase of facilities coming online in 1982. The company has Miniratna status.
The yard has facilities to build vessels up to 1.1 million tons and repair vessels up to 1.25 million tons, the largest such facilities in India.
Besides, the shipyard also started offering ship repair services in 1982 and has undertaken upgrades and repairs for all types of ships including ships for the oil exploration industry as well as scheduled maintenance and life extension for ships of the Indian Navy, Indian Coast Guard, the Union territory of Lakshadweep, Fisheries and Cochin Port Trust, SCI and the Oil and Natural Gas Corporation (ONGC).
Image Courtesy: https://cochinshipyard.in/
