Cochin Shipyard signed the Phase-III contract for Construction of the
Indigenous Aircraft Carrier on 31 October 2019. The Phase-III contract covers the operational and harbour acceptance trials of various equipment and systems installed onboard and also the Sea Trials of the Carrier. The contract also covers some activities which are to be undertaken post delivery of the vessel including support during weapon &
aviation trials.
The contract was signed at the Ministry of Defence between Nidhi Chhibber, Joint Secretary & Acquisition Manager(Maritime Systems), MoD and Suresh Babu N V, Director (Operations), CSL.
The contract value is above Rs 3,000 crore.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
