India set to build two nuclear-powered attack submarines
PORTS & SHIPPING

India set to build two nuclear-powered attack submarines

India has approved plans to construct two new nuclear-powered attack submarines. The project is estimated to cost around Rs 450 billion.

As the country works to modernize its military in response to China's growing presence in the Indian Ocean region, the focus is on strengthening naval capabilities and enhancing domestic weapons manufacturing.

Officials stated that Prime Minister Narendra Modi's cabinet approved the construction of the first two submarines in a new class of six planned by the Indian Navy. However, they did not provide a timeline for their delivery. The officials, who requested anonymity, refrained from giving further details.

China, with the world's largest naval force comprising over 370 ships, has been a security concern for India since 2020, when clashes along their Himalayan border resulted in the deaths of 24 troops. Nuclear-powered attack submarines, which are faster, quieter, and capable of staying underwater longer than conventional diesel-powered ones, are considered some of the most powerful naval weapons due to their difficulty in detection.

Currently, only a few countries, including China, France, Russia, and the United States, manufacture these submarines. India, which previously leased two nuclear-powered submarines from Russia and has since returned them, is reportedly in discussions to lease another one.

The new submarines will be built at a government shipbuilding facility in Visakhapatnam, located in southern India. Construction major Larsen and Toubro is also expected to be part of the project, one of the sources mentioned.

These submarines will differ from the Arihant-class nuclear-powered submarines that India is currently constructing, which are capable of launching nuclear weapons. The second of the Arihant-class submarines was commissioned in August.

India has approved plans to construct two new nuclear-powered attack submarines. The project is estimated to cost around Rs 450 billion. As the country works to modernize its military in response to China's growing presence in the Indian Ocean region, the focus is on strengthening naval capabilities and enhancing domestic weapons manufacturing. Officials stated that Prime Minister Narendra Modi's cabinet approved the construction of the first two submarines in a new class of six planned by the Indian Navy. However, they did not provide a timeline for their delivery. The officials, who requested anonymity, refrained from giving further details. China, with the world's largest naval force comprising over 370 ships, has been a security concern for India since 2020, when clashes along their Himalayan border resulted in the deaths of 24 troops. Nuclear-powered attack submarines, which are faster, quieter, and capable of staying underwater longer than conventional diesel-powered ones, are considered some of the most powerful naval weapons due to their difficulty in detection. Currently, only a few countries, including China, France, Russia, and the United States, manufacture these submarines. India, which previously leased two nuclear-powered submarines from Russia and has since returned them, is reportedly in discussions to lease another one. The new submarines will be built at a government shipbuilding facility in Visakhapatnam, located in southern India. Construction major Larsen and Toubro is also expected to be part of the project, one of the sources mentioned. These submarines will differ from the Arihant-class nuclear-powered submarines that India is currently constructing, which are capable of launching nuclear weapons. The second of the Arihant-class submarines was commissioned in August.

Next Story
Real Estate

Morgan Stanley, others acquires 6.8% stake in PNB Housing for Rs 16.64 Bn

Morgan Stanley, Societe Generale and another entity on Wednesday picked up a total of 177 million, or 6.82% stake, of PNB Housing Finance through open market transactions worth Rs 16.64 billion. According to bulk deal data available on the National Stock Exchange (NSE), Morgan Stanley through its arm Morgan Stanley Asia Singapore purchased over 142 million shares or a 5.4% stake in PNB Housing in two transactions. Ghisallo Master Fund bought 17.90 lakh shares of PNB Housing while Societe Generale acquired 17.09 lakh shares of the firm, as per the data. Meanwhile, global investment firm Carlyle..

Next Story
Real Estate

Prestige Group acquires 22,135 sq m land in Mira Bhayandar

Prestige Estates Projects has acquired 22,135 sq m of land together with all rights within the jurisdiction of Mira Bhayandar Municipal Corporation, Mumbai. The acquired land will be planned for residential development spanning approximately one million sq ft of carpet area. The cost of acquisition is around Rs 2.91 billion. The company achieved a total sales of Rs 42.26 billion for Q2 FY25, bringing its first half of FY25 sales to Rs 70.52 billion. In terms of sales volumes, it recorded three million sq ft in Q2 with the half year, total reaching 5.87 million sq ft. It sold 1,356 units this q..

Next Story
Real Estate

About 22 lakh draft documents uploaded, only 5,300 e-khatas issued

Confirming that the e-khata system is floundering, data from Bruhat Bengaluru Mahanagara Palike has revealed that while 22 lakh draft e-khatas are available online, only 5,324 - or, slightly over 0.2% - final e-khatas had been issued till Friday, though the system was launched with much fanfare in early Oct. This, despite the BBMP's e-khata website receiving 54 lakh visits and 6 lakh draft e-khatas being downloaded. The data revealed that only 30,000 people have applied for e-khata, reflecting the multiple problems they are facing while applying. Those with draft e-khatas are eligible to see..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000