CSL declared L1 in Rs 5,000 crore Indian Navy vessel tender
COCHINSHIP · price
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Cochin Shipyard (CSL) has been declared L1 (lowest bidder) in a Ministry of Defence tender for construction of 5 Next Generation Survey Vessels for the Indian Navy. The estimated total order value is around Rs 5,000 crore. Final contract announcement is subject to completion of necessary formalities. The order is a domestic defence contract with no related party interest involved.
Major Rs 5,000 crore defence order win strengthens CSL order book and revenue outlook. Positive, pending formalities.