Navy Chief confirms imminent contract for Project 75(I)
pre-market1 source ↓written by the desknot a recommendation
India's Project 75(I) submarine program is nearing completion, with Navy Chief Admiral Dinesh Tripathi stating that contract negotiations are at an advanced stage. The contract is expected to be finalized soon, potentially by the end of this fiscal year, marking a significant milestone in one of the world’s largest submarine deals. ⚓
• Six next-generation diesel-electric submarines planned
• Advanced stealth features and Air Independent Propulsion system included
This progress may boost sentiment in the defense sector.
Not investment advice. For informational purposes only.