Indian Navy will soon invite tenders for building six conventional submarines after a high-level committee of the Defence Ministry submitted its report identifying shipyards capable of executing the about Rs 60,000 crore project. The Committee has visited all the shipyards in the country and has submitted its report recently. It is under consideration of the Defence Ministry.

Though they remained tightlipped about the name of shipyards that have been shortlisted, the sources said a Request for Proposal (RFP) will be issued soon once the report has been studied in detail. Besides the state-run shipyards, private players like Larsen & Toubro (L&T) and Pipavav Defence & Offshore Engineering Company, led ADAG has announced its decision to pick up a controlling stake, are eyeing the mega deal. Defence sources had earlier said both L&T and Pipavav are strong contenders, besides the state-run Mazagon Dockyard Limited (MDL).