Indian Navy has submitted a proposal for a new aircraft carrierCOCHINSHIP - 1133 Change: 11.05 (0.99 %)
News: Indian Navy has submitted a mega proposal to the government for building the second aircraft carrier. The project is slated to be executed by Cochin Shipyard (CSL).
Views: Though the actual placement of contract will take time, we believe that this is significantly positive for CSL considering the substantial size of the project. Moreover, the uncertainty regarding the third aircraft carrier is now clear. We also believe companies like Bharat Electronics, Midhani will also be the key beneficiaries in this project.