Pipavav Defence and Offshore Engineering Company (formerly Pipavav Shipyard) said that it has bagged two international orders worth INR 1,192 crore from a West African client for building two offshore patrol vessels.

This is the first international order for Pipavav, which has recently ventured into defence sector.

The company in a statement said that the contract also has the option to increase the order to two more such vessels and has to be delivered in 32 months.

Pipavav, however, did not disclose the name of its client from whom it has secured the orders. It said that "The contract value is pegged at INR 1,192 crore with two option ships which can be exercised by the client within 24 months upon which the contract value may go up to INR 2,504 crore.”

Source - Economic Times

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