Indian DM awards contracts for 8 anti-submarine shallow water crafts
NEW DELHI, April 30 (Xinhua) -- India's defense ministry has given a contract to build eight anti-submarine warfare shallow water crafts for Indian navy to state-owned Garden Reach Shipbuilders and Engineers Limited (GRSE), officials said Monday.
"The contract worth INR 6,311.32 crore (903 million U. S. dollars) was signed today by joint secretary and acquisition manager (Maritime Systems) Ravi Kant on behalf of Ministry of Defence and S S Dogra, Director (Finance), on behalf of GRSE, in New Delhi," a statement issued by defense ministry said.