Rel De­fence Inks Deal with US Navy

To pro­vide re­pair & ser­vic­ing for the Sev­enth Fleet

The Economic Times - - Companies: Pursuit Of Profit - Our Bureau

Ban­ga­lore: Re­liance De­fence has an­nounced an agree­ment with the US Navy for re­pairs and ser­vic­ing of war­ships at the Pi­pavav ship­yard in Gu­jarat. The agree­ment will see war­ships from the US Navy's Sev­enth Fleet vis­it­ing the In­dian fa­cil­ity for com­plex re­pair and al­ter­ation works.

“Re­liance Infrastructure (R-Infra) con­trolled Re­liance De­fence and En­gi­neer­ing (RDEL) has signed mas­ter ship re­pair agree­ment (MSRA) with the US Navy. In Jan­uary this year, Re­liance Ship­yard was qual­i­fied by the US Navy as an ap­proved con­trac­tor to per­form com­plex re­pair and al­ter­na­tion ser­vices for its Sev­enth Fleet ves­sels op­er­at­ing in the re­gion,” a press re­lease by the com­pany stated.

Sources said that the busi­ness ex­pec­ta­tions of the In­dian com­pany is in ex­cess of .₹ 15,000 crore in rev­enue over the next five years.

The In­dian ship­yard is likely to han­dle var­i­ous types of ships — front line war­ships, sup­ply ves­sels and pa­trol ves­sels — that are part of the Sev­enth Fleet. At present, the US Navy uses yards in Sin­ga­pore and Japan for these works. The com­pany ex­pects ma­jor work

af­ter the sign­ing of the lo­gis­tics ex­change me­moran­dum of agree­ment (LEMOA) in Au­gust last year that en­ables ei­ther side to use fa­cil­i­ties for re­fu­elling and re­plen­ish­ment. Re­liance Ship­yard says it is the first in the coun­try to re­ceive MSRA cer­ti­fi­ca­tion to un­der­take ser­vic­ing and re­pair­ing works for the ves­sels of Sev­enth Fleet.

“Re­liance Ship­yard has been se­lected af­ter a de­tailed site sur­vey by the US govern­ment rep­re­sen­ta­tives in end Oc­to­ber 2016,” the com­pany state­ment said.

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