Core Announcement – Order Details
Awarding Entity: Indian Navy
Domestic/International Order: Domestic Entity
Nature of Order/Contract: Construction and delivery of Five (5) Next Generation Corvettes (NGCs)
Order Value: ₹32,000 Crore
Materiality Context: Not Specified
Execution Timeline: Project to be completed within 09 years 04 months from the date of receipt of first stage payment
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No. The order(s)/contract(s) will not fall within related party transactions
Promoter Group Involvement: None of the promoter/promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s)
Financial Implication: Not Specified