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thyssenkrupp inks contract worth Rs.410 Crore

By Niranjan Mudholkar,

Added 26 September 2018

With Mazagon Docks Shipbuilders Limited (MDL)

The Medium Refit and Life Certification (MRLC) contract for the submarine will commence in October this year.

"thyssenkrupp has always looked at a long-term strategic vision while handling projects from eminent partner countries. We view this MRLC work in the same light and we are positive that programs like this will also translate into other partnerships with Indian players for future strategic programs," said Oliver Burkhard, Member of the Executive Board, thyssenkrupp AG.

thyssenkrupp is the world leader in non-nuclear submarine design and manufacturing, with a strong and proven track record of building abroad and providing seamless Transfer of Technology (ToT). The German manufacturer has maintained a strong partnership with India for over three decades with its submarines and provides full, uninterrupted logistics support to the Indian Navy in terms of spares, components and upgrades for these boats. More recently, thyssenkrupp has been awarded a contract worth €35 million (approx. INR 2.5 billion) for the retrofit of the Harpoon missile system in two of the Shishumar-class submarines.

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