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| Exchange Disseminated Time | Pipavav Defence and Offshore Engineering Company Ltd has informed BSE that about the following :
1. Pipavav Defence and Offshore Engineering Company Limited has been declared lowest bidder by the Indian Coast Guard, Ministry of Defence, Government of India, for design and construction of fourteen (14) Fast Patrol Vessels ("FPVs") under the competitive bidding process. This follows another prestigious contract for five Naval vessels amounting to around Rs. 2,975 Cr received from Ministry of Defence, which is under execution.
2. Value of the order would be approximately Rs. 920 Crs.
3. FPVs are medium range surface platforms with water jets and primarily utilized for patrol within exclusive economic zone (EEZ), coastal patrol, anti-smuggling, antipiracy and search & rescue operations. |
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