Mazagon Dock Shipbuilders (MDL) is working with French collaborator Naval Group on transfer of technology for the submarines under Project 75 (P75) with the deal valued at over Rs 23,000 crore. MDL will hand over its fifth Scorpene-class submarine to the Indian Navy by the end of this year or early next year. The first of the six Scorpene-class submarines, INS Kalvari, was launched in 2015 and commissioned into service in late 2017. The company has an order book of Rs 54,500 crore.
India currently has 17 submarines, including two ballistic missile submarines and one nuclear-powered attack submarine. The Indian Navy also has 14 conventionally-powered submarines, developed in collaboration with French, Russian and German companies.