Visag based DPSU, Hindustan Shipyard has been declared the lowest bidder (L1) for a Rs 1010 Cr contract for supplying two Diving Support Vessels for Indian Navy.
The Bids for Two Diving Support Vessels were opened on Tuesday where Hindustan Shipyard’s bid was found to be the lowest.
L&T, Goa Shipyard and Cochin Shipyard were other bidders for the contract.
L&T reportedly quoted a bid price of Rs 1584 Cr, followed by Goa Shipyard at Rs 1086 Cr and Cochin Shipyard’s bid price was Rs 1188 Cr.
However, sources said that bank guarantees have not been submitted by Hindustan Shipyard and Goa Shipyard due to which their bids could even be rejected, leaving L&T and CSL in the fray.
This contract by the Indian Navy comes close on the heels of another major contract for RS 2500 Cr awarded last week to Garden Reach Shipbuilders & Engineers for supply of four Survey Vessels for Indian Navy.