Cochin Shipyard Limited announced that the firm contract with MoD has been signed on December 19, 2023 for a value of INR 4,882.5 million. The work package includes repair and maintenance of the equipment's and systems onboard the naval vessel. The work on the same has already been commenced during second quarter of fiscal year 24 based on the Approval of Necessity (AoN) from MoD, and is expected to be completed by first quarter of fiscal year 25.