Kochi: Kochi Shipyard will get Rs 1000 crore contract from Europe. The contract was awarded for the design and development of the Hybrid Service Operation Vessel.
In Europe, the place there’s a enormous demand for sustainable power methods, the vessel will likely be used for servicing and upkeep of the offshore wind farm sector to generate electrical energy from wind.
Hybrid battery methods will likely be put in on board to enhance power effectivity and cut back carbon emissions. Such large contracts coming to Kerala may also profit the micro, small and medium enterprises. Kochi Shipyard expects to finish the present order by the tip of 2026.
In January, Kochi Shipyard acquired a 500 crore contract from Europe for the design and development of Hybrid Service Operation Vessel. 488.25 crore contract for warship upkeep of Indian Navy was additionally awarded.
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