India's Ministry of Defence (MoD) has signed separate contracts with two state-owned shipbuilders for the construction and delivery of 16 anti-submarine warfare shallow-water craft (ASWSWCs) to the Indian Navy (IN) for an estimated INR126.22 billion (USD1.81 billion).
Construction of the vessels is to be evenly split between Garden Reach Shipbuilders and Engineers (GRSE), which is based in Kolkata on the country's east coast, and Cochin Shipyard Limited (CSL), which is located on India's southwestern coast.
The deal with GRSE for eight ASWSWCs was signed with the MoD on 29 April and the deal with CSL was finalised a day later.
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