Reliance Defence wins $134.5m contract to build vessels for Indian Coast Guard
Reliance Defence and Engineering has received a Rs9.16bn ($134.5m) contract from the Indian Ministry of Defence (MoD) to deliver fast patrol vessels (FPVs) for the Indian Coast Guard.
Under the contract, the company will design and construct 14 medium range, high speed vessels.
The FPVs will be used for patrolling within Exclusive Economic Zone (EEZ), coastal patrol, anti-smuggling, antipiracy, search and rescue operations.
These vessels will also support front line warships, the company stated.
The company was selected through a competitive bidding process and it was chosen among other private and public sector shipyards such as L&T, Cochin Shipyard Limited, Goa Shipyard Limited, Garden Reach Shipbuilders & Engineers.
Reliance Defence and Engineering said that it is the first private sector shipyard to be contracted to produce ships for Indian Armed Forces.
Reliance Infrastructure (RInfra) has recently acquired Reliance Defence and Engineering, which builds warships and other naval vessels.
The RInfra-owned company owns a modular shipbuilding facility, where it can build fully fabricated and outfitted blocks.
This shipyard has a 980m-long pre-erection berth and two Goliath cranes with combined lifting capacity of 1,200t.
RInfra develops projects through various special purpose vehicles in a variety of sectors such as power, road, metro rail and defence.