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The state-run shipyard said the contract marks its entry into advanced weapon-intense platforms.
”The primary role of the ships would be to provide offensive capability against enemy warship, merchantmen and land targets,” Cochin Shipyard said in a release.
It said the delivery of ships is scheduled to commence in March 2027.
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The shipyard said these ships would be employed for local naval defence operations and seaward defence of offshore development area.
Cochin Shipyard Limited CMD Madhu S Nair said the shipyard was keen to take up the construction of NGMVs after successfully delivering the country’s first indigenous aircraft carrier, INS Vikrant.
In addition to the above, the state-run entity is also building eight Anti Submarine Warfare Shallow Water Crafts for the Navy and these vessels are under various stages of construction at the yard.