Make in India

GSL signs contract for additional 1135.6 frigates

 An Inter-Governmental Agreement (IGA) between the Government of Republic of India and Government of Russian Federation was concluded on 15 Oct 2016, for construction of additional Project 1135.6 Follow-on ships in India, at M/s Goa Shipyard Limited (GSL). In line with the IGA, the Government signed a contract for construction of two ships with Goa Shipyard Ltd, Goa to-date, with scheduled delivery in June 2026 and December 2026 respectively.
 

India to start P-75(I) execution soon

Indian Navy Chief Admiral Sunil Lanba, during his annual press conference, stated that the Navy will release the “submarine specific (strategic partnership) guidelines for building P 75 (I) submarine indigenously, shortly.” Execution of the project through the strategic partnership model “will result in acquisition of know-how and enable design and manufacture” of submarines in the country, “thereby enhancing the indigenous defence industrial capability in the Private Sector.”

BEL registers 35% growth in 2nd Quarter

Navratna Defence PSU Bharat Electronics Limited (BEL) has during the second quarter of        FY 2018-19, achieved a robust growth in turnover and consequently recorded a healthy growth in profit as compared to the 1stquarter of current year and corresponding quarter of the previous year.

The company has achieved a turnover of Rs. 3282.40 crore, during the 2ndquarter of FY 2018-19, registering a growth of about 35 %, over the turnover of Rs. 2431.73 crore recorded in the corresponding period of the previous year.