For the First Time in India, Private Sector to Do Submarine Refits

[SR-91]

Mumbai-based Pipavav Defence and Offshore Engineering Company Limited (PDOC) on Tuesday announced the signing of a multi-crore agreement with Russia-based JSC Ship Repairing Centre Zvyozdochka for medium refits and life certification of eight EKM 877 submarines in the country.

Pipavav, in which Anil Ambani-led Reliance Group is in the process of acquiring a majority stake, proposes to execute the programme under a joint venture with 51 per cent stake, consistent with MoD regulations, a company statement said.

This would be the first time the work for refit of submarines was being considered for the private sector in the country. Right now, only defence PSUs take up submarine refit job. The indicative value of work proposed to be undertaken by the proposed joint venture is approximately Rs 11,000 crore.

The company said the skills and experience developed by the joint venture would position Pipavav favourably for undertaking similar work for large submarine forces of similar class deployed by countries such as Algeria, Vietnam and Iran, with a potential additional revenue of approximately Rs 20,000 crore.

Under the terms of the pact, the JSC Ship Repairing Centre Zvyozdochka would provide complete technical assistance and support to the joint venture, including inter alia for enhancement of infrastructure at the Pipavav facilities and training of engineers among others. Pipavav technicians would also be closely associated with the first refit to be carried out in Russia, it said.

“Refit and modernisation of submarines are the ongoing needs of our Blue Water Navy. The PDOC and Zvyozdochka are deeply committed to playing an enabling role towards enhancing naval preparedness, which is vital for national security,” said a PDOC spokesperson.

Gains from deal

? Sometimes, subs need to be sent to Russia for refit. The new move could save to-and-fro transportation costs

? Enhanced operational availability of the submarines for thousands of additional hours is also a key benefit

For the First Time in India, Private Sector to Do Submarine Refits | idrw.org

 

[Echo_419]

Mumbai-based Pipavav Defence and Offshore Engineering Company Limited (PDOC) on Tuesday announced the signing of a multi-crore agreement with Russia-based JSC Ship Repairing Centre Zvyozdochka for medium refits and life certification of eight EKM 877 submarines in the country.

Pipavav, in which Anil Ambani-led Reliance Group is in the process of acquiring a majority stake, proposes to execute the programme under a joint venture with 51 per cent stake, consistent with MoD regulations, a company statement said.

This would be the first time the work for refit of submarines was being considered for the private sector in the country. Right now, only defence PSUs take up submarine refit job. The indicative value of work proposed to be undertaken by the proposed joint venture is approximately Rs 11,000 crore.

The company said the skills and experience developed by the joint venture would position Pipavav favourably for undertaking similar work for large submarine forces of similar class deployed by countries such as Algeria, Vietnam and Iran, with a potential additional revenue of approximately Rs 20,000 crore.

Under the terms of the pact, the JSC Ship Repairing Centre Zvyozdochka would provide complete technical assistance and support to the joint venture, including inter alia for enhancement of infrastructure at the Pipavav facilities and training of engineers among others. Pipavav technicians would also be closely associated with the first refit to be carried out in Russia, it said.

“Refit and modernisation of submarines are the ongoing needs of our Blue Water Navy. The PDOC and Zvyozdochka are deeply committed to playing an enabling role towards enhancing naval preparedness, which is vital for national security,” said a PDOC spokesperson.

Gains from deal

? Sometimes, subs need to be sent to Russia for refit. The new move could save to-and-fro transportation costs

? Enhanced operational availability of the submarines for thousands of additional hours is also a key benefit

For the First Time in India, Private Sector to Do Submarine Refits | idrw.org

Great news & not to forget money will stay in India & jobs will be developed here