22 May 2012

News Story: Yantar Shipyard (Russia) to Start Building New Frigates for India in 2012

INS Teg

JSC Yantar Shipyard will start construction of new lot of frigates for Indian Navy in 2012, reports RIA Novosti referring to the yard's acting director Alexander Konovalov. 

According to him, "we're preparing for construction of the second three frigates for Indian Navy this year; the ships will be identical to the first trio", reports the news agency. 

The contract for three Project 1135.6 frigates (INS Teg, INS Tarkash, and INS Trikand) was signed on July 14, 2007 in Delhi. Overall value of the contract was $1.56 bln. JSC Yantar was appointed major executor. The contract provided an option for additional construction of 1-3 frigates. 

Read the full story at RusNavy