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Handing over P75(I) submarine project...

By Shantanu Guha Ray, New Delhi : The...

Handing over P75(I) submarine project to Mazagon will sound death-knell for private players

By Shantanu Guha Ray, New Delhi : The Indian Navy's reported decision to nominate Mazagon Dock Shipbuilders Ltd (MDL) to execute the $8 billion Project-75 India to build six advanced submarines has left private contenders gasping for breath. The P-75(I) programme was once the biggest rays of hope for the private sector, especially companies like Larsen & Tubro and Reliance Naval that were gearing up for orders under the programme announced in October 2014. The private shipyards -- L&T's at Kattupalli and Reliance Naval's at Pipavav -- currently have turnovers...

Handing over P75(I)...

By Shantanu Guha Ray, New Delhi : The Indian Navy's reported decision to nominate Mazagon Dock Shipbuilders Ltd (MDL) to execute the $8 billion Project-75...
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