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Two firms emerge front-runners as govt begins ₹70K-cr sub deal talks
Hindustan Times Noida
|January 24, 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: 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.
Commercial negotiations for the project called P-75I will now follow, the people added.
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