Visakhapatnam: Hindustan Shipyard Limited may clinch another project for medium refit and life certification of another EKM class Russian submarine worth Rs 1,800 crore. The medium refit and life certificate programme is a process that involves stripping down the submarine, repairing its hull and replacing worn parts. An eight-member delegation of Joint Stock Company United Shipbuilding Corporation, Moscow held meetings with the Hindustan Shipyard Limited officials here from January 10 for executing the project.
The delegation was led by Military and Technical corporation director Alexey V. Dikiy, Russian delegates are reported to be impressed with the infrastructure, experience and readiness of Hindustan Shipyard Limited to undertake this prestigious project that could cost Rs 1,800 crore. The discussions have been personally presided and monitored by CMD of HSL L.V. Sarat Babu. In an interaction, C&MD had sounded quite confident of winning this contract which is on a competitive basis by a private shipyard.