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Thursday, June 10, 2010

Pipavav bags Rs 2,600-cr Navy deal

Pipavav Shipyard, the country’s largest ship-building facility in the private sector, has bagged a Rs 2,600-crore contract to build offshore patrol vessels for the Indian Navy.

The shipyard located in Gujarat will be constructing about five such vessels, each with a displacement of about 2,000 tonne.

With the Navy order in its kitty, the company’s order books have swelled to over Rs 7,000 crore.

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