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Monday, March 09, 2015

Narendra Modi govt shortlists Larsen & Toubro, Pipavav for Rs 60,000 cr submarine contract

S-80 class SSKThe government has shortlisted Larsen & Toubro (L&T) and Pipavav Defence & Offshore Engineering Company, in which the Anil Ambani group firm Reliance Infrastructure has recently acquired management control, for award of a Rs 60,000-crore contract to build six conventional submarines under its Project 75i.

According to highly-placed sources, a high-level committee headed by vice-admiral Subhedar, which had inspected both public and private shipyards to shortlist candidates to issue the request for qualification (RFQ) for Project 75i, in its final presentation to the ministry of defence (MoD) last week, selected the two private sector shipyards — L&T’s Katupalli yard and Pipavav unit.

The tender, the sources said, would be a ‘buy and make (in India)’ one, which implies tie-ups for technology with foreign collaborators with substantial manufacturing in India.

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