Monday, 23 May 2011

Pipavav Shipyard wins Rs 2500 cr order from Indian Navy to manufacture gun boats

Pipavav Shipyard has won a Rs 2500 crore order from the Indian navy to manufacture gun boats . The order was cleared by the Cabinet committee of security.
Nikhil Gandhi, the CMD of Pipavav Shipyard confirmed the news to ET NOW. ' I havn't received any formal communication yet, but yes we have won the order as we were the lowest bidder'