Cochin Shipyard Limited has signed the Phase-III contract for Construction of the Indigenous Aircraft Carrier on October 31, 2019. The Phase-III contract covers the operational and harbour acceptance trials of various equipment and systems installed on-board and also the Sea Trials of the Carrier. The contract also covers some activities which are to be undertaken post delivery of the vessel including support during weapon & aviation trials.

The contract was signed at the Ministry of Defence between Ms. Nidhi Chhibber, Joint Secretary & Acquisition Manager (Maritime Systems), MoD and Shri Suresh Babu N V, Director (Operations), CSL.

The contract value is above Rs. 3,000 crores.