Cochin Shipyard bags Rs.1,500 cr Coast Guard order
By IANSThursday, October 21, 2010
KOCHI - Cochin Shipyard Limited (CSL) has received an order of Rs.1,500 crore to build 20 fast patrol vessels (FPV) for the Coast Guard, the company said here Thursday.
According to the shipyard, this is the single biggest contract executed by Coast Guard and would go a long way to beef up the coastal security of the country.
This order has been secured under very severe competition from defence and private yards and has taken the present order book position of the company to 36 ships valued at Rs.6,000 crore, said the release.
The order book consists of 15 offshore support ships for various international owners and the Coast Guard order for 20 FPVs.
Besides, the yard is executing the indigenous aircraft carrier project for the Indian Navy.
Cochin Shipyard is one of the leading ship building and repair firms in the country. The FPVs have a speed of 35 knots and length of 50 metres. These are used for patrolling coastal areas.
Under the contract, the first ship is to be delivered within 20 months and one every three months thereafter.
–Indo Asian News Service
