Mazagon Dock likely to build US$ 8 billion submarine project

The Defence Ministry is likely to finalise in the next few days the broad contours of Indian Navy's ambitious project to build six advanced submarines under the multi-billion P-75 (I) programme.

Mazagon Dock Shipbuilders Ltd (MDL) is likely to be given the responsibility to implement the project.

A meeting of the Defence Acquisition Council (DAC), defence ministry's highest decision-making body on procurement, is likely to deliberate extensively on the submarine project in the next few days.