
Mumbai-based Pipavav Shipyard said that it has tied up with UK’s Babcock group to build aircraft carriers for the Navy.
“This is an important milestone in Pipavav Shipyard’s efforts to become a major player in the Defence sector,” the shipyard said in its filing to the Bombay Stock Exchange.
“This event is likely to eliminate necessity to import large battle ships such as aircraft carrier in the future,” it said.
The Babcock group is Britain’s leading naval support company. It is involved in building next generation aircraft carriers and managing naval bases. It also undertakes refitting, refuelling and decommissioning of submarines, maintaining and refitting of warships and providing equipment support on behalf of the UK government.