04-05-2010, 05:00 AM
[url="http://timesofindia.indiatimes.com/city/pune/WIL-signs-MoU-with-French-naval-shipbuilder/articleshow/5744748.cms"]WIL signs MoU with French naval shipbuilder[/url]
Nikhil Deshmukh, TNN, Mar 31, 2010, 06.02am IST
PUNE: Walchandnagar Industries Limited (WIL), a Rs 700-crore group, which mainly supplies machinery and equipment for nuclear power, aerospace, defence and other turnkey projects, has signed a memorandum of understanding (MoU) with French naval shipbuilder DCNS, to manufacture critical equipment for Scorpene submarines to be used by the Indian Navy.
The submarines are built by state-owned Mazgaon Docks Ltd, and are expected to join the naval fleet by 2018, said Chakor Doshi, chairman of WIL at Walchandnagar industrial township, some 130 km from Pune, on Tuesday.
Doshi was speaking to reporters after the inauguration of a research and development centre at Walchandnagar industrial township. The township is spread over 580 acres and includes 50 acres of factory area. Doshi was accompanied by Patrick Boissier, chairman and chief executive officer of DCNS and Anil Kakodkar, former chairman of the Atomic Energy Commission.
"The MoU was signed in February this year," said Doshi. "WIL and DCNS will work out the details and it will be converted to a joint venture eventually. We may float a new company or continue to manufacture the required equipment from the existing establishment, which already manufactures special products for the defence sector. With the JV, WIL will continue to work in the areas for which we have technical capacity. The agreement may include procurement of required equipment for its French counterpart and will be finalised at a later stage." At present, defence, aerospace and nuclear projects contribute 15 per cent of WIL's total revenue.
With WIL joining India's ambitious multi-billion-dollar project to build Scorpene class submarines, the contribution of indigenously manufactured equipment in the defence sector has increased. India plans to source 70 per cent of its defence requirement from indigenous sources by the end of this year.
Of the six Scorpene class submarines that are scheduled to be supplied by 2018, WIL is already supplying equipment for the first and second submarine. The WIL and DCNS venture will mainly focus on supply of equipment for the remaining four submarines, Doshi said.
Bossier said, "Along with the ongoing project of Scorpene class of submarines, the company should also be able to get a second contract for the P75i project. These will be advanced submarines and DCNS will be involved in it.ââ¬Â
Nikhil Deshmukh, TNN, Mar 31, 2010, 06.02am IST
PUNE: Walchandnagar Industries Limited (WIL), a Rs 700-crore group, which mainly supplies machinery and equipment for nuclear power, aerospace, defence and other turnkey projects, has signed a memorandum of understanding (MoU) with French naval shipbuilder DCNS, to manufacture critical equipment for Scorpene submarines to be used by the Indian Navy.
The submarines are built by state-owned Mazgaon Docks Ltd, and are expected to join the naval fleet by 2018, said Chakor Doshi, chairman of WIL at Walchandnagar industrial township, some 130 km from Pune, on Tuesday.
Doshi was speaking to reporters after the inauguration of a research and development centre at Walchandnagar industrial township. The township is spread over 580 acres and includes 50 acres of factory area. Doshi was accompanied by Patrick Boissier, chairman and chief executive officer of DCNS and Anil Kakodkar, former chairman of the Atomic Energy Commission.
"The MoU was signed in February this year," said Doshi. "WIL and DCNS will work out the details and it will be converted to a joint venture eventually. We may float a new company or continue to manufacture the required equipment from the existing establishment, which already manufactures special products for the defence sector. With the JV, WIL will continue to work in the areas for which we have technical capacity. The agreement may include procurement of required equipment for its French counterpart and will be finalised at a later stage." At present, defence, aerospace and nuclear projects contribute 15 per cent of WIL's total revenue.
With WIL joining India's ambitious multi-billion-dollar project to build Scorpene class submarines, the contribution of indigenously manufactured equipment in the defence sector has increased. India plans to source 70 per cent of its defence requirement from indigenous sources by the end of this year.
Of the six Scorpene class submarines that are scheduled to be supplied by 2018, WIL is already supplying equipment for the first and second submarine. The WIL and DCNS venture will mainly focus on supply of equipment for the remaining four submarines, Doshi said.
Bossier said, "Along with the ongoing project of Scorpene class of submarines, the company should also be able to get a second contract for the P75i project. These will be advanced submarines and DCNS will be involved in it.ââ¬Â