Pipavav Shipyard to build patrol vessels for Navy
Pipavav Shipyard in Gujarat today said it is looking at building offshore patrol vessels for the Navy and is interested in building other naval vessels. "We are in the process of registering with the Indian Navy to make vessels for it," a top company official said.
Only a handful of shipyards in India make defence vessels for the country. State-owned Mazagon Dock is making submarines for the Indian Navy in association with the French. Engineering giant Larsen and Toubro plans to build naval vessels at its proposed shipyard in Tamil Nadu.
"We are looking at offshore patrol vessels for navy, which are less complex and less weapons-oriented. As we gain experience in doing these things, we will look at more complex vessels," the official said.
He did not want to be named because his company has filed draft red herring prospectus with the market regulator.
A couple of months ago, the company bagged an order to build 22 Panamax tankers taking its order book to $1 billion.
Ships classified as Panamax are of the maximum dimensions that will fit through the locks of the Panama Canal.