The order value for these eight vessels is pegged at Rs 6,311.32 crore. The first ship is to be delivered within 42 months from the contract signing date and subsequent balance ships delivery schedule will be two ships per year.

The project will have to be completed within 84 months from the date of signing the contract. These ASWSWCs are designed for a deep displacement of about 750 tonne, speed of 25 knots and complement of 57 and capable of full scale sub-surface surveillance of coastal waters and co-ordinated ASW operations with aircraft.

The vessels will be equipped with highly advanced state-of-the-art integrated platform management systems, including propulsion machinery, auxiliary machinery, power generation and distribution machinery and damage control machinery, etc.

CSL is currently infusing a total of Rs 2,769 crore in building a new 310 mtr long dry dock at Kochi and a shiplift-based Ship Repair yard at Willingdon Island, Kochi, Kerala Presently, CSL is building India’s first Indigenous Aircraft Carrier (IAC) for the Indian Navy which is in advanced stages of testing and commissioning. The shipyard is also building a Technology Demonstration Vessel for the Defence Research and Development Organisation (DRDO), two 1,200 PAX and two 500 PAX Vessels for the Andaman and Nicobar Administration.

CSL is also constructing a total of 27 small vessels for clients like the Inland Waterways Authority of India (IWAI), the Department of Fisheries, the government of Kerala, the government of Tamil Nadu and the Indian Navy.

The shipyard has also set ambitious plans of expanding geographically and has commenced its ship repair operations at the Mumbai Port Trust. With a view to establish its presence across the Indian Coast, CSL is set to commence its ship repair operations at Kolkata and Port Blair shortly. CSL has also formed a joint venture (JV) company in Kolkata to cater to the needs of the inland waterways vessels segment and is creating a new shipyard in Kolkata for the segment.