Defence public sector undertaking (PSU) Mazagon Dock Shipbuilders (MDSL) will hand over its fifth Scorpene-class submarine to the Indian Navy by the end of this year or early next year, a top company official said.
The defence PSU has stepped up the pace of construction and deliveries of submarines and ships over the last
MDSL
Sanjeev Singhal, Director (Finance), Mazagon Dock Shipbuilders, said: “In spite of the Covid-19 challenges, we are trying to keep the timelines of whatever we had planned earlier, including the delivery of the fifth submarine sometime by end of this year or early next year. In addition, basin trials of one of the ships are also scheduled before early November.”
Since 2017 MDSL has delivered one submarine every year to the Indian Navy. INS Khanderi was launched in 2017 followed by INS Karanj in 2018 and INS Vela in 2019. Due to the Covid-19 disruption, the company suffered a setback of about three months in the development of the fifth submarine, known as INS Vagir.
The PSU believes it can complete deliveries of all the contracted submarines by 2022, wLast delivery by 2022ith the last of the six, INS Vagsheer, expected to be launched by then.
“In 2021-22 and 2022-23, we should be able to make up for the impact which has been there for FY21,” added Singhal, speaking at an analyst event for the PSU’s initial public offering (IPO). Mazagon Dock Shipbuilders raised Rs 443 crore through a public issue between
Scorpene submarines are
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.
Eye on Exports
Following the increased focus on ‘Make in India’ and simultaneous surge in demand from the Ministry of Defence, MDSL was forced to overlook demand emerging from outside India. The last vessel it delivered to an overseas client was in 2014.
Rear Admiral Anil Kumar Saxena, NM (Retd), Director (Shipbuilding), Mazagon Docks Shipbuilders said: “We have exported 243 ships till date. The last ships we delivered were in 2012 and 2014 to the Bahamas and Mexico, which were multi-support vessels of about 7,000 tonnes. Thereafter we stopped our exports because our hands were full with the naval (Indian Navy) orders.”
Saxena added: “But
The company has held discussions with some potential foreign customers. “We have had dialogues with some countries from Africa and
Covid-19 has affected the PSU’s operations since it is headquartered in Mumbai, one of the worst hit cities in India.
“The trains and buses in Mumbai were under total lockdown for three months. We have
Source- Money control
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