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Pipavav Defence and Offshore Engineering Co Ltd Secures International Naval Contract


Monday, 6 Aug 2012 12:02am EDT 

Pipavav Defence and Offshore Engineering Co Ltd announced that it has secured an order to build two numbers of offshore patrol vessels for the West African client. It is a 95 meter long vessel and very similar to five numbers of Indian Navy contract it received last year from Ministry of Defence. The contract value is pegged at INR1,192 crores (INR11.92 billion) with two option ships which can be exercised by the client within 24 months upon which the contract value may go up to INR2,504 crores (INR25.04 billion). Both the ships to be delivered in 32 months including option ships, if exercised. 

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