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Tuesday, November 06, 2007

Indian Navy hit by delay of big-ticket projects

Nothing seems to be going right for the Navy. The two big crucial projects, worth over Rs 15,000 crore, to build three stealth frigates and three missile destroyers at Mazagon Docks (MDL) are both running way behind schedule.

This will only add to the woes of Navy, already grappling with huge delays in the Rs 6,900 crore Admiral Gorshkov aircraft carrier package deal with Russia and the Rs 3,261 crore indigenous aircraft carrier project at Cochin Shipyard, as reported earlier.

There have also been slippages in the gigantic Rs 18,798 crore project to construct six Scorpene submarines at MDL, slated for delivery between 2012 and 2017.

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