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December 31, 2011

$920 million Russian 'hunk' handed over to Indian Navy

Russia has handed over the much-awaited nuclear-powered attack submarine Nerpa to India on a 10-year lease, boosting the Indian Navy's fire-power.
The Akula-II class Nerpa nuclear submarine had recently finished sea trials.
"The signing ceremony happened on Thursday at the Bolshoi Kamen ship building facility in the (Far East) Primorye region where the Nerpa is now based," ITAR-TASS news agency quoted a senior Russian Navy official as saying.
The deal for the submarine, which is being transferred on a 10-year lease, is worth $920 million.

Rediff news
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