In a last-minute entry, the Adani Group submitted a bid for the Rs 45,000-crore Indian Navy submarine project, taking other contenders by surprise for what is the largest ongoing Make-in-India initiative in the defence sector.
The much-awaited contest was expected to be a faceoff among traditional contenders such as Larsen and Toubro, Mazagon Dock Shipbuilders Ltd (MDL) and Reliance Naval and Engineering Ltd, all of which own shipyards. The Adani Group does not currently own an active shipyard, which is why the bid has come as a surprise.Read More…
