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Bhel signs MoU with Midhani and HSL for indigenous Submarine project

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Capital Market
Last Updated : Dec 30 2014 | 2:16 PM IST

For Indian Navy

Bharat Heavy Electricals announced that a Memorandum of Understanding has been signed between the Company, Mishra Dhatu Nigam (Midhani) and Hindustan Shipyards (HSL) have come together to form a consortium for building submarines indigenously. The consortium will jointly stake claim with the Ministry of Defence for being considered as a prospective bidder for the proposed P-75(I) project of the Indian Navy for building six submarines at an Indian shipyard.

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First Published: Dec 30 2014 | 1:25 PM IST

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