Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Cochin Shipyard holds steel cutting ceremony of the Anti-Submarine Warfare Shallow Water Crafts for Indian Navy

Posted On: 2020-12-01 05:09:05 (Time Zone: Arizona, USA)


Steel cutting ceremony of the Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs) for Indian Navy was held on 01 Dec 2020 at Cochin Shipyard Limited, Kochi. Vice Admiral G Ashok Kumar, PVSM, AVSM, VSM, Vice Chief of Naval Staff, Indian Navy declared through video conferencing the commencement of steel cutting of first steel plate for Ship No. BY 523. The steel cutting ceremony is one of the initial milestones in the vessel construction process.

Shri Madhu S. Nair, C&MD CSL delivered the welcome address. Vice Admiral G Ashok Kumar, PVSM, AVSM, VSM, Vice Chief of Naval Staff, Indian Navy addressed the gathering. Vice Admiral S R Sarma, Chief of Materiel, and other senior officials from the Integrated Naval Headquarters also participated through video conferencing. Senior officials of CSL and Warship Overseeing Team (WOT), Kochi, were also present at the function.

Cochin Shipyard Limited (CSL), signed the contract for construction and supply of eight (08) Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs) for Indian Navy on 30 Apr 2019 in a competitive bidding process. The order value for these eight (08) vessels is ₹6,311 Crores. The project is to be completed in 90 months from date of signing the contract.

These Anti-Submarine Warfare Shallow Water Crafts (ASWSWC's) are designed for a speed of 25 knots and complement of 57 and capable of full scale sub surface surveillance of coastal waters and co-ordinated ASW operations with aircraft. In addition, the vessels will have the capability to interdict/destroy sub surface targets in coastal waters. They can also be deployed for day and night search and rescue in coastal areas. In their secondary role, they will be capable to sue intruding aircraft, and lay mines in the sea bed. The vessels will be equipped with highly advanced state-of-the-art integrated platform management systems, propulsion machinery, auxiliary machinery, power generation and distribution machinery and damage control machinery etc. The ASWSWC are also being built to International Classification Society rules, in addition to the owner specific requirements.

These technologically advanced vessels are designed and engineered indigenously and will be equipped with various payloads to cater to the vessels' functions. The vessel will feature stringent signature and stealth technologies to avoid detection by submarines and other surveillance systems. Significant part of the payloads and solutions will be from Indian firms and these vessels once commissioned will showcase the country's Atmanirbhar capabilities.

CSL is currently investing a total of ₹2,769 Crore in infrastructure augmentation by was of a new 310 Mtr long dry dock at Kochi and a ship lift based Ship Repair yard at Willingdon Island, Kochi.

CSL is expanding geographically and has commenced Ship Repair Units at Mumbai, Kolkata & Port Blair in addition to its Kochi facilities. CSL is also setting up fully owned subsidiary shipyards at Kolkata (named HCSL) and at Malpe, Karnataka (named TEBMA Shipyards Limited) to cater to the construction of small & medium sized vessels as well as vessels for the Inland Waterways.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

CESC Ltd arm increases stake in Noida Power Company Ltd to 72.73%

Indus Towers Ltd board to consider Q3FY21, 9MFY21 results on Jan 28, 2021

Metropolis Healthcare to acquire Hitech Diagnostic Centre to strengthen its leadership position in South India

Oberoi Realty Limited board to announce Q3 results on Jan 22, 2021

PG Electroplast Ltd board to consider Q3FY21 results on Jan 25, 2021

TGV Sraac Ltd board to approve 3rd quarter results on Jan 25, 2021

Natural Capsules Ltd board to announce third quarter results on Jan 25, 2021

India Grid Trust board to consider distribution, financial information on Jan 22, 2021

High Energy Batteries India Ltd board to approve quarterly results on Feb 6, 2021

Security and Intelligence Services (India) Ltd board to consider Q3FY21, 9MFY21 results on Feb 3, 2021

Stylam Industries Limited board to announce third quarter results on Jan 25, 2021

Phillips Carbon Black Ltd board to approve interim dividend on Jan 20, 2021

Shriram City Union Finance Ltd board to consider 3rd quarter results on Jan 29, 2021

Shreyans Industries Ltd board to approve quarterly results on Feb 11, 2021

Firstsource Solutions Ltd board to announce Q3FY21 results on Feb 9, 2021

3i Infotech Ltd board to consider Q3 results on Jan 28, 2021

HDFC Bank's Net NPA at 0.09%

HDB Financial Services Limited reports loss of Rs. 44.3 crore in Q3FY21

HDFC Bank increases distribution network YoY

HDFC Bank's balance sheet size grows 18.6% YoY

HDFC Securities Limited posts PAT of Rs. 166.6 crore in Q3FY21

HDFC Bank's Capital Adequacy Ratio was at 18.9% as of Dec 31, 2020

Parmax Pharma Limited approves preferential issue

Rossari Biotech Ltd board to approve quarterly results on Jan 23, 2021

Aditya Vision Limited opens 57th showroom

JBM Auto Limited receives orders for supply of 700 JBM CITYLIFE buses

Gujarat Hotels Ltd posts net profit of Rs. 0.58 crore in Q3FY21

Sacheta Metals Ltd Q3FY21 net profit at Rs. 0.89 crore

HDFC Bank Ltd Q3FY21 consolidated PAT climbs to Rs. 8769.33 crores

Star Cement Limited commences commercial production of new grinding unit

Chembond Chemicals Ltd Q3FY21 consolidated PAT zooms to Rs. 8.44 crore

Apollo Pipes Ltd reports net profit of Rs. 16.33 crores in Q3 FY2020-21

Apollo Hospitals begins vaccinating healthcare workers

International Travel House Ltd Q3FY21 loss at Rs. 10.69 crore

GE T&D India Limited to sell its GLobal Engineering Operations Division

IRB InvIT Fund to distribute Rs. 2.50 per unit for Q3 FY21

Smruthi Organics Ltd board recommends 2:1 bonus shares

Smruthi Organics Ltd Q3FY21 net profit drops QoQ to Rs. 5.10 crore

SpiceJet to connect Delhi with Sikkim with a daily non-stop flight

Indian Railway Finance Corporation Ltd raised Rs 1398.63 crores from 31 anchor investors ahead of its public issue

CRISIL A1+ rating reaffirmed to PNB Gilts Ltd's Rs. 1000 commercial paper programme

Pudumjee Paper Products Ltd board to announce Q3 results on Jan 23, 2021

SML ISUZU Ltd board to consider Q3FY21 results on Feb 5, 2021

Indian Energy Exchange Ltd board to consider interim dividend on Jan 21, 2021

LIC Housing Finance Ltd board to announce 3rd quarter results on Jan 29, 2021

CARE Ratings Ltd board to consider dividend, Q3 results on Feb 6, 2021

The Dharamsi Morarji Chemical Company Limited board to approve third quarter results on Feb 8, 2021

IDBI Bank Ltd board to announce 3rd quarter results on Jan 28, 2021

Reliance Industries Ltd board to consider Q3FY21, 9MFY21 results on Jan 22, 2021

Tata Consumer Products Ltd board to announce Q3FY21 results on Feb 2, 2021



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020