January 30, 2017 – Reliance Infrastructure Limited (RInfra) promoted Reliance Defence and Engineering Limited (RDEL) has signed a Contract with Ministry of Defence (MOD), Government of India for design and construction of fourteen (14) Fast Patrol Vessels (‘FPVs’) for Indian Coast Guard, for an amount of Rs. 916 crore.
FPV’s are medium range, high speed vessels; it is primarily utilized for patrol within Exclusive Economic Zone (‘EEZ’), coastal patrol, anti-smuggling, antipiracy, search & rescue operations. It also supports front line warships in the hour of need.
RDEL emerged winner through a competitive bidding process undertaken by MOD, Govt. of India with participation from almost all the Private Sector and Public Sector Shipyards namely, L&T, Cochin Shipyard Limited (CSL), Goa Shipyard Limited (GSL), Garden Reach Shipbuilders & Engineers Ltd (GRSE).
This is the first time, a Private Sector Shipyard has been awarded a contract to design and build such class of ships for Indian Armed Forces. RDEL will be developing the design in-house.
Reliance Shipyard with the largest dry-dock of the country has successfully mastered the block-construction technique through unique ‘modular construction technology’ for building large ships for both commercial usage and Navy. The Shipyard with state-of-the art technology, processes and skilled man-power is well poised to deliver any class of vessel in a most optimum timeframe.