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May 23, 2011

Pipavav Shipyard wins Rs 2500 cr order from Indian Navy to manufacture gun boats

(The Economic Times): Pipavav Shipyard has won a Rs 2500 crore order from the Indian navy to manufacture gun boats . The order was cleared by the Cabinet committee of security.

Nikhil Gandhi, the CMD of Pipavav Shipyard confirmed the news to ET NOW. ' I havn't received any formal communication yet, but yes we have won the order as we were the lowest bidder' Gandhi told ET NOW.

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