India, Russia to Create Enterprise on Submarines Repair

[[Bregs]]

Shares in Russian-Indian joint venture will be 49% and 51%, respectively.

The Indian company Pipavav Defence & Offshore Engineering Co Ltd (PDOC) and Ship Repair Centre "Zvezdochka" signed an agreement on the establishment of a joint venture to repair submarines of Project 877 Paltus in India, according to IANS news agency.


"For the first time in India, the repair of submarines is seen as an activity for companies from the private sector,” the statement said.

The acquired experience is expected to be useful in the future when the company works on submarines of this class from other countries, such as Algeria, Vietnam and Iran. The company may get additional profit of about $3.4 billion, the statement said.

According to the agreement, the Russian enterprise "Zvezdochka" will provide full technical support for the joint venture. The first submarine repairs will be carried out in Russia.

Read more: India, Russia to Create Enterprise on Submarines Repair / Sputnik International

 

[Hindustani78]

By PTI | 21 Jul, 2015, 04.56PM IST
Pipavav joins hands with Russia's JSC to refit submarines - The Economic Times

NEW DELHI: Pipavav Defence and Offshore Engineering today 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 India.

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

This will also mark the first time the work for refit of submarines was being considered for the private sector in India.

The indicative value of work proposed to be undertaken by the proposed JV is approximately Rs 11,000 crore, it added.

The company said that the skills and experience developed by the JV will position Pipavav favorably for undertaking similar work for large submarine forces of similar class deployed by countries like Algeria, Vietnam and Iran, with potential additional revenues of approximately Rs 20,000 crore.

Under the terms of the agreement, Zvyozdochka will provide complete technical assistance and support to the JV, including inter alia for enhancement of infrastructure at the Pipavav facilities, training of engineers among others.

Pipavav technicians will also be closely associated with the first Refit to be carried out in Russia, it said.


"Refit and modernisation of submarines is an ongoing need for our Blue Water Navy. PDOC and Zvyozdochka are deeply committed to playing an enabling role towards enhancing Naval preparedness, which is vital for our national security," a spokesperson for Pipavav Defence & Offshore Engineering Co. Limited (PDOC)said.

 

[hussain0216]

Is this because your subs keep blowing up in harbour?

 

[[Bregs]]

Is this because your subs keep blowing up in harbour?

The company said that the skills and experience developed by the JV will position Pipavav favorably for undertaking similar work for large submarine forces of similar class deployed by countries like Algeria, Vietnam and Iran, with potential additional revenues of approximately Rs 20,000 crore.

 

[DeathInvader]

Is this because your subs keep blowing up in harbour?

Yes it because of that! Our subs blow up in the harbor! hence we are setting up a new enterpirse that will repair and give em maintenance! Now is this a good thing or a bad? Wouldn't well maintained subs be more potent!