The Defence Ministry has rejected Larsen and Toubro’s bid for the Rs 70,000 crore tender under the Navy’s Project 75 India initiative due to non-compliance with Indian Navy requirements, leaving Mazagon Dock Shipbuilders Limited as the sole contender with Germany’s ThyssenKrupp Marine Systems.
Related Posts
Cheaper crude gives room for excise duty hike, fuel price cut
The drop in oil prices offers the Indian government an opportunity to raise excise duty, partly absorbing fuel retailers’ profits. This could result in moderate […]