13.9.11

Mazgaon Dock, Pipavav form JV

In the first public-private participation in the defence sector, Nikhil Gandhi-owned Pipavav Defence and Offshore Engineering Company, (earlier Pipavav Shipyard) has entered into a joint venture with Mazagon Dock to build warships for the Indian Navy. The new joint venture firm, Mazagon Dock Pipavav Limited will benefit from the existing order book of Rs 90,000 crore of the largest defence shipyards Mazagon Dock. Besides, it would also get new orders to build new and complex ships for the Indian Navy, including submarines.

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