"The consortium will jointly stake claim with the ministry of defence for being considered as a prospective bidder for the proposed P-75 I project of the Indian Navy for building six submarines at an Indian shipyard," BHEL said in a statement.

Project-75 India (P-75 I) aims at building six submarines for the Indian Navy to plug gaps in the submarine fleet. The estimated cost of the project is $11.10 billion.The MoU for the upcoming venture was signed between BHEL, Midhani and HSL Dec 26.

"BHEL has a large infrastructure, including dedicated engineering, research and development and manufacturing facilities at several locations to manufacture various types of equipment and provide complete services to meet the requirements of the Indian defence sector," the Maharatna company said.


Latest News  from Business News Desk