Defence ministry: Defence ministry seals Rs 1,070 cr deal with MDL for procuring 14 fast patrol vessels
The Indian defence ministry has recently finalized a significant deal with Mazagon Dock Shipbuilders Ltd (MDL) for the acquisition of 14 fast patrol vessels. The deal, worth Rs 1,070 crore, aims to strengthen the capabilities of the Indian Coast Guard. Under this agreement, MDL will be responsible for designing, developing, and manufacturing these multi-role fast patrol vessels within a period of 63 months.