Navy`s new warship project awaits FinMin nod

The Defence Ministry has sent a naval project for building four new guided missile destroyer warships to Finance Ministry for clearance, before it goes to Cabinet Committee on Security for final approval.

New Delhi: The Defence Ministry has sent a
naval project for building four new guided missile destroyer
warships to Finance Ministry for clearance, before it goes to
Cabinet Committee on Security (CCS) for final approval.

Defence Ministry officials said here today that the
project that may be worth Rs 30,000 crore envisaged building
the guided missile destroyers as a follow-on to the on-going
project of Kolkata class warships.

Codenamed `Project 15B`, the four new Destroyers with
stealth features superior to the Kolkata class would be
constructed at the Mumbai-based Mazagon Docks Limited (MDL).

The three Kolkata-class destroyers are under construction
at MDL under the long-delayed Rs 11,662-crore Project 15A and
are scheduled for delivery to the Navy between 2012 and 2014.

The new destroyers will be of 6,700 tonnage with advanced
sensors and weapons suite.

This month, the CCS had approved a proposal to increase
the financial powers of Defence Minister A K Antony under
which proposal worth over Rs 1,000 crore alone will go to the
CCS for approval.

While projects worth less than Rs 500 crore would be
decided by the Defence Minister, proposals ranging from Rs 500
crore to Rs 1,000 crore would be decided by him in
consultation with the Finance Minister.

PTI

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