L&T joins arms with Spanish agency Navantia to bid for Rs 43,000 crore Indian Navy submarine challenge

Express News Service

NEW DELHI: Larsen and Toubro (L&T) and Spanish ship constructing firm Navantia on Monday have joined arms to submit a techno-commercial bid for the Indian Navy’s P75 (India) submarine programme. They will now compete with Mazagon Dock and Germany’s ThyssenKrupp Marine Systems for the bid that’s prone to be invited quickly. Valued at Rs 43000 crore (roughly), that is one in all India’s largest defence tasks.

L&T and Navantia signed an MoU for the programme on April 11 in Madrid, which has now culminated on this bid. Mazagon signed the MoU with ThyssenKrupp on June 7. Five firms had evinced curiosity and these two certified.

“Spain supports completely the idea of make in India and this agreement will take that forward,” stated Jose Maria Ridao, Spain’s Ambassador to India, after the signing of the settlement, including that the Spanish authorities is engaged with the concept of transferring know-how to its ally India.

The six stealth submarines might be constructed for the Indian Navy beneath the Strategic Partnership mannequin of the Ministry of Defence that mandates international firms to associate with home builders.

The Naval challenge requires the Indian bidder to tie up with a international collaborator (FC) and execute the programme for supply of six typical submarines geared up with air-independent propulsion (AIP), whereas reaching the focused indigenous content material.

Once the bidder is introduced, it might be adopted by a 30-year lifecycle sustenance contract of comparable worth.

“Our presence here today is important not just because it is commercial issue but also a diplomatic issue. Even though Spain is geographically far from India, our hearts are close. This agreement is an opportunity to have a long-term association with India,” Ambassador Ridao added.

Meanwhile, L&T which is India’s largest non-public sector defence firm, has an affiliation with Spanish firms throughout numerous sectors that embody railways, water and photo voltaic.

“Navantia’s glorious 300-year-old track record in naval construction and technical expertise gives us a competitive advantage in this programme and offers the bio-ethanol stealth technology (BEST) and environmentally green AIP solution,” stated L&T CEO SN Subrahmanyan.

Navantia would perform the design of P75(I) submarines based mostly on its S80 class of submarines, the primary of which was launched in 2021 and is present process sea trials previous to its supply to the Spanish Navy on the finish of 2023. Apart from the S80 class, Navantia has been concerned within the design and building of the Scorpene class of submarines along with DCNS (Now Naval Group) of France, which have been exported to Chile and Malaysia. Navantia has additionally been concerned within the Scorpene submarines (Kalvari class) in-built India, together with handholding of the Indian yard.

“It gives us great joy to be in a position to be the design and technology partner for P75(I). We are also in collaboration with L&T for the Landing Platform Dock (LPD) programme whose tender is eagerly awaited,” stated Naval Construction Vice-President and Member of the Navantia Board Augustin Alvarez Blanco.

L&T and Navantia are additionally in search of cooperation in different army programmes in addition to in inexperienced power alternatives, together with offshore wind by means of Navantia Seanergies division.

NEW DELHI: Larsen and Toubro (L&T) and Spanish ship constructing firm Navantia on Monday have joined arms to submit a techno-commercial bid for the Indian Navy’s P75 (India) submarine programme. They will now compete with Mazagon Dock and Germany’s ThyssenKrupp Marine Systems for the bid that’s prone to be invited quickly. Valued at Rs 43000 crore (roughly), that is one in all India’s largest defence tasks.

L&T and Navantia signed an MoU for the programme on April 11 in Madrid, which has now culminated on this bid. Mazagon signed the MoU with ThyssenKrupp on June 7. Five firms had evinced curiosity and these two certified.

“Spain supports completely the idea of make in India and this agreement will take that forward,” stated Jose Maria Ridao, Spain’s Ambassador to India, after the signing of the settlement, including that the Spanish authorities is engaged with the concept of transferring know-how to its ally India.googletag.cmd.push(perform() googletag.show(‘div-gpt-ad-8052921-2’); );

The six stealth submarines might be constructed for the Indian Navy beneath the Strategic Partnership mannequin of the Ministry of Defence that mandates international firms to associate with home builders.

The Naval challenge requires the Indian bidder to tie up with a international collaborator (FC) and execute the programme for supply of six typical submarines geared up with air-independent propulsion (AIP), whereas reaching the focused indigenous content material.

Once the bidder is introduced, it might be adopted by a 30-year lifecycle sustenance contract of comparable worth.

“Our presence here today is important not just because it is commercial issue but also a diplomatic issue. Even though Spain is geographically far from India, our hearts are close. This agreement is an opportunity to have a long-term association with India,” Ambassador Ridao added.

Meanwhile, L&T which is India’s largest non-public sector defence firm, has an affiliation with Spanish firms throughout numerous sectors that embody railways, water and photo voltaic.

“Navantia’s glorious 300-year-old track record in naval construction and technical expertise gives us a competitive advantage in this programme and offers the bio-ethanol stealth technology (BEST) and environmentally green AIP solution,” stated L&T CEO SN Subrahmanyan.

Navantia would perform the design of P75(I) submarines based mostly on its S80 class of submarines, the primary of which was launched in 2021 and is present process sea trials previous to its supply to the Spanish Navy on the finish of 2023. Apart from the S80 class, Navantia has been concerned within the design and building of the Scorpene class of submarines along with DCNS (Now Naval Group) of France, which have been exported to Chile and Malaysia. Navantia has additionally been concerned within the Scorpene submarines (Kalvari class) in-built India, together with handholding of the Indian yard.

“It gives us great joy to be in a position to be the design and technology partner for P75(I). We are also in collaboration with L&T for the Landing Platform Dock (LPD) programme whose tender is eagerly awaited,” stated Naval Construction Vice-President and Member of the Navantia Board Augustin Alvarez Blanco.

L&T and Navantia are additionally in search of cooperation in different army programmes in addition to in inexperienced power alternatives, together with offshore wind by means of Navantia Seanergies division.