Govt boosts Credit Flow to Agriculture Sector through targeted Policy Measures (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') IICA holds 4th Batch of Directors' Certification for Defence Officers (See 'Corp Brief') Financial inclusion campaign was held in 2.7 lakh Gram Panchayats and ULBs (See 'Corp Brief') A&C - Award can be set aside only on specific grounds such as being contrary to fundamental policy of Indian law, violating basic notions of morality or justice, or suffering from patent illegality that goes to root of matter: HC (See 'Legal Desk') ICANN85 in Mumbai highlights Collaboration for resilient Internet (See 'Corp Brief') Minister chairs 35th Meeting of Standing Committee of Voluntary Agencies (See 'Corp Brief') A&C - amendment to petition filed u/s 34 of Arbitration Act, cannot be permitted under Order VI Rule 17 of CPC if its effect is to introduce challenge to distinct part of arbitral award: HC (See 'Legal Desk') NITI Aayog convenes Regional Best Practices Seminar (See 'Corp Brief') FTAs opening New Opportunities for Pharma, Healthcare and MedTech Sectors: Goyal (See 'Corp Brief') MSME Ministry promotes Energy Efficiency and Green Practices in MSME Sector (See 'Corp Brief') Transforming Mined Landscapes: NLC India's Journey in Sustainable Mine Restoration (See 'Corp Brief') IEPFA-NCAER jointly organise Investor Education and Protection Workshop (See 'Corp Brief') IPR - Proprietorship of trademark, as general rule, vests in manufacturer who affixes mark on product, not in importer or distributor of those goods: HC (See 'Legal Desk') Chouhan holds post-Budget discussion with coconut farmers in Chennai (See 'Corp Brief') IBC - Creditor cannot be forced to elect its remedy or apportion its claim between principal debtor and guarantor: SC (See 'Legal Desk') IBC - Judicial review by NCLT & NCLAT does not extend commercial wisdom of Committee of Creditors in evaluating and approving resolution plan: SC (See 'Legal Desk') A&C - Pre-award and post-award interest operate in distinct fields and contractual bar applicable to former cannot, by implication, be extended to latter: SC (See 'Legal Desk') MoS interacts with beneficiaries of desalination plant in Kavaratti (See 'Corp Brief') A&C - Court will not grant specific performance of contractual obligation that is contingent upon discretionary approval of third-party government authority: HC (See 'Legal Desk') A&C - Contractual clause that expressly and widely bars payment of interest on ‘any moneys due to contractor' prohibits arbitral tribunal from awarding pre-reference and pendente lite interest on all claims: HC (See 'Legal Desk') CCI approves acquisition of certain shareholding in Balaji Wafers by General Atlantic Singapore (See 'Corp Brief') CCI approves combination of Bagmane Prime Office REIT of Bagmane Developers and others (See 'Corp Brief') CCI okays acquisition of additional equity in Generali Central Insurance by Central Bank (See 'Corp Brief') India and Finland renew MoU on Environmental Cooperation (See 'Corp Brief') IPR - Proof of right refers to documents showing that applicant legally owns 'right to apply for patent', which can be established through assignment or employment agreement with inventor: HC (See 'Legal Desk') Crude and Petroleum procurement: 24×7 Control Room Monitoring Supply Position (See 'Corp Brief') On World Wildlife Day 2026, PM reaffirms Commitment to Wildlife Conservation (See 'Corp Brief') IBC - valuers must ensure a reasoned valuation report to guide stakeholders in economic decision-making during insolvency, including consideration of intangible assets where relevant: IBBI (See 'Legal Desk') GPS transforming fishing community lives in Car Nicobar (See 'Corp Brief') Competition Act - disputes concerning alteration of copyrighted content & associated rights, need not be entertained where no prima facie case of anti-competitive agreement or abuse of dominant position, is made out: CCI (See 'Legal Desk') Ministry of Steel holds Interactive Session with Global Diplomats Ahead of 'Bharat Steel 2026' (See 'Corp Brief') Khadse announces unique nationwide ASMITA League to mark International Women's Day (See 'Corp Brief') IPR – Anti-dissection rule, which requires trademarks to be compared as whole, does not apply where part of mark is proven to be dominant feature: HC (See 'Legal Desk') India Summit 2026: Major AI Investment Commitments made (See 'Corp Brief') 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