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Titagarh Wagons, the flagship company of Titagarh Group, has started the construction of two 1,000-tonne fuel barges for the Indian Navy and two coastal research vessels for the National Institute of Ocean Technology (NIOT).
The two fuel barges are worth ₹75 crore and will support the famed INS Vikramaditya, Indian Navy’s flagship aircraft carrier.
The contract size for NOIT vessels is valued at ₹100 crore.
The four ships are the first tenders won by Titagarh Wagons post its entry into the ship-building business earlier this year, it said in a press release.
The ceremonial event of cutting the first steel plate for these four vessels took place on Tuesday.
“By entrusting the construction of these four highly complex and technologically advanced vessels with us, the Indian Navy and NIOT have reposed great faith and trust in Titagarh,” Jagdish Prasad Chowdhary, Founder and Executive Chairman, Titagarh Wagons, said.
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