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Two firms emerge front-runners as govt begins ₹70K-cr sub deal talks
Hindustan Times Jammu
|January 25, 2025
Mazagaon Dock Shipbuilders Limited (MDL) and German yard Thyssenkrupp Marine Systems (tkMS), have emerged as the front-runner for a ₹70,000-crore project to build six advanced submarines in India to sharpen the navy's underwater capabilities, edging out their only competitor, the Larsen & Toubro-Navantia combine, that did not meet the navy's requirements, people aware of the matter said on Thursday.
NEW DELHI:
Commercial negotiations for the project called P-75I will now follow, the people added.
The Mumbai-based MDL on Thursday informed the Bombay Stock Exchange (BSE) that the defence ministry has opened its commercial bid for P-75I for "further processing." It also informed the BSE that commercial negotiations for building three additional Scorpene class submarines are in process. MDL has already built six Kalvari-class (Scorpene) diesel-electric attack submarines under P-75, with technology transfer from the French firm, Naval Group.
This story is from the January 25, 2025 edition of Hindustan Times Jammu.
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