Epic Update : Pipavav

Pipavav Defence and Offshore Engineering Company has been declared lowest bidder by the Indian Coast Guard, Ministry of Defence, Government of India, for design and construction of fourteen Fast Patrol Vessels (FPVs) under the competitive bidding process. The value of the order is approximately Rs 920 crore. The company had recently bagged another prestigious contract for five Naval vessels amounting to around Rs 2,975 crore which has been received from Ministry of Defence, and is under execution.



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Posted in: Indian Market Tips