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Reliance Defence accelerates Naval Offshore Patrol Vessels

Reliance Defence is speeding up with the work on an inherited order for Naval Offshore Patrol Vessels (NOPVs) for the Indian Navy with the deliveries of all the five craft slated by the end of 2017. The NOPV order worth Rs 2500 Crores was initially bagged in 2011 by Pipavav Defence and Offshore Engineering with first NOPV was slated to be delivered by early 2015. However, due to the yard facing financial and technical constraints, the work got stalled. With Reliance Infrastructure acquiring Pipavav Defence in March 2015, it has now commenced with the work.

Source:http://economictimes.indiatimes.com/news/defence/reliance-defence-speeds-up-rs-2500-crore-patrol-vessel-project/articleshow/52737873.cms

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