IICA convenes 5th Inter-Ministerial Consultation on Responsible Business Conduct and ESG (See 'Corp Brief') BCCL Organizes Interaction with NRS Linkage and CIL SWMA e-Auction Consumers (See 'Corp Brief') Madnaviya & Kumaraswamy lay foundation of indoor sports complex in Karnataka (See 'Corp Brief') A&C - Juridical seat of arbitration is determinative factor for conferring exclusive supervisory jurisdiction on court: HC (See 'Legal Desk') India's progress in reducing Tuberculosis Incidence has Outpaced Global Average: Nadda (See 'Corp Brief') Rs 100 crore sanctioned for Integrated Aqua Park Project in Anantnag (See 'Corp Brief') Reddy inaugurates Multiple Projects in WCL (See 'Corp Brief') PMLA - If mortgaged properties are to be auctioned by bank or settled with borrower which may result in concealment, it would be only of those properties which was considered to be assets disproportionate to known source: SAFEMA (See 'Legal Desk') India moving from Healthcare Follower to Global Leader in Precision Medicine and Biomanufacturing: MoS (See 'Corp Brief') Companies Act - Technical provisions of Companies Act cannot be relied on to evade compliance with a Court decree prohibiting the judgment debtor from transferring the shares to any third party: HC (See 'Legal Desk') SECL's Vigilance-led Initiative 'Prayas' Ensures Timely PF & Pension Settlement (See 'Corp Brief') PMLA - Appearance of Appellant, ordinarily operating in Mumbai, before SAFEMA Appellate Tribunal at Delhi, does not confer territorial jurisdiction to the Delhi High Court over Appellant: HC (See 'Legal Desk') Agrinnovate India presents Rs.3.4 Crore dividend to Chouhan (See 'Corp Brief') IBC - Once Resolution Plan is approved by NCLT u/s 31 of IBC, it becomes binding on all stakeholders, and all claims not provided for in plan stand extinguished: HC (See 'Legal Desk') 6 Railway Stations in West Bengal redeveloped under Amrit Bharat Station Scheme (See 'Corp Brief') IPR - Party seeking cancellation of registered trademark on grounds of similarity and prior rights must first establish its own prior and continuous use of its mark as trademark: HC (See 'Legal Desk') NHAI receives warm response from Bidders for Construction of Kaliabor to Numaligarh Section of NH (See 'Corp Brief') IBC - Application of Discount for Lack of Marketability is permissible valuation methodology under Indian Accounting Standards for determining fair value of unlisted, illiquid shares in context of capital reduction: SC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

Goa Shipyard launches second P1135.6 frigate

Published: Mar 24, 2025

By TIOLCorplaws News Service

NEW DELHI, MAR 24, 2025: GOA Shipyard Limited (GSL), one of India's premier defence shipyards, achieved yet another historic milestone with the successful launch of 'Tavasya', the second frigate of Project 1135. 6 (Yard 1259) today, March 22, 2025. The launch marks a significant advancement in India's self-reliance in warship construction, reinforcing the country's vision of Atmanirbhar Bharat in defence manufacturing.

The ship was ceremonially launched by Neeta Seth, in the esteemed presence of Sanjay Seth, Hon'ble Raksha Rajya Mantri, who graced the occasion as the Chief Guest. Addressing the gathering, Hon'ble Raksha Rajya Mantri commended the GSL's extraordinary achievement in launching two complex, weapon-intensive frigates within just eight months, despite geopolitical challenges affecting global supply chains. Highlighting the Navy's growing self-reliance, he remarked:

"This launch is a defining moment in India's Naval history, showcasing our technological capabilities and unwavering commitment to self-reliance. The successful localization of critical components such as the BrahMos missile system, torpedo launchers, sonar, and auxiliary control systems demonstrates the growing resilience of India's shipbuilding ecosystem. The launch of Tavasya is not just a step forward for the Indian Navy but a giant leap for India's strategic defence ambitions," the minister said.

With a displacement exceeding 3800 tons, 'Tavasya' is engineered to execute a diverse range of offensive and defensive operations, ensuring strategic dominance in the Indian Ocean Region. Equipped with advanced stealth features, high-endurance capabilities, and next-generation combat systems, the ship represents a significant boost to the operational might of the Indian Navy, the minister said. He reaffirmed India's ambition to emerge as a global leader in warship exports, citing GSL's pioneering role in defence exports and the Ministry of Defence's vision to achieve Rs.50,000 crore in defence exports by 2029.

Speaking on the occasion, Brajesh Kumar Upadhyay, Chairman and Managing Director, GSL, highlighted the shipyard's remarkable evolution into a strategic defence asset for the nation. "The launch of 'Tavasya' is the culmination of our relentless pursuit of excellence in indigenous warship building. From being a mid-sized shipbuilder, GSL has evolved into a leading defence yard, now delivering some of the most complex naval platforms. This project reaffirms our capability to execute high-end warship programs with precision, efficiency, and unmatched commitment to national security," he said.

The event was attended by Sadanand Tanawade,  MP-Rajya Sabha, Cap. Viriato Fernandes, MP-Lok Sabha,  senior dignitaries, including Vice Admiral SJ Singh, PVSM, AVSM, NM, FOC-in-C (WNC); Vice Admiral Rajaram Swaminathan, AVSM, NM, CWP&A; Brajesh Kumar Upadhyay, Chairman and Managing Director, GSL, as well as officials from the Ministry of Defence, Senior Indian Navy officers, and GSL personnel.

It is a maiden attempt by an Indian Shipyard to construct these complex platforms, which were previously imported in a fully built condition. With an indigenous content exceeding 56%, far surpassing the 25% in similar ships constructed abroad, the frigate is a shining example of India's engineering prowess, bolstering national security and strengthening India's position in the global defence ecosystem. The formidable multi-role stealth frigate is designed to operate across the full spectrum of Naval Warfare - Air, Surface, and Sub-Surface - ensuring unmatched operational capability.

GSL's impressive execution record has positioned it at the forefront of India's defence shipbuilding industry. The shipyard has successfully launched seven ships within a year, a feat that underscores its capabilities in delivering multi-domain, next-generation vessels.

TIOL CORP SEARCH

TIOL GROUP WEBSITES