BHEL to bid for Submarine Deal
Bharat Heavy Electricals Ltd (BHEL) has recently entered into a partnership with Mishra Dhatu Nigam Limited (Midhani) and Hindustan Shipyards Limited (HSL) to bid for the P-75 I submarine project of the Indian Navy. The MoU for the upcoming venture was signed on Dec 26.
“The consortium will jointly stake claim with the ministry of defence for being considered as a prospective bidder for the proposed P-75 I project of the Indian Navy for building six submarines at an Indian shipyard,” disclosed in a statement issued by the company.
Project-75 India (P-75 I) aims at building six submarines for the Indian Navy to plug gaps in the submarine fleet. The estimated cost of the project is $11.10 billion.
“BHEL has a large infrastructure, including dedicated engineering, research and development and manufacturing facilities at several locations to manufacture various types of equipment and provide complete services to meet the requirements of the Indian defence sector,” the statement said.