STOCK MARKET BSE NSE

Decommissioned INS Vikrant Sold for Rs 60 Crore

Published: 09th April 2014 12:16 AM  |   Last Updated: 09th April 2014 12:42 AM   |  A+A-

By PTI

The decommissioned aircraft carrier of the Indian Navy, INS Vikrant, which played an important role in the 1971 Indo-Pak war, has been sold for Rs 60 crore.

"The auction process of INS Vikrant was completed last week and a company named IB Commercial Pvt Ltd won the bid," said a defence source here tonight.

Earlier, the Maharashtra Government had expressed its inability to maintain Vikrant, the Indian Navy's first aircraft carrier which was commissioned in 1961. It was decommissioned in January 1997.

The defence source said that once the money is paid, the company will have to tow the ship away from the Naval Dockyard here, where it is anchored currently, within thirty days.

"Condition of the ship is so bad that it is not worth converting it into a museum," the source said, adding that Navy would be able to use the space vacated by the ship in the Dockyard for some other fruitful purposes.

In January 2014, during the hearing of a public interest litigation which opposed the plan to scrap the ship, the Union Ministry of Defence told the Bombay High Court that it had completed its operational life.

While the Maharashtra government stated that to preserve it as a museum would not be viable financially.

The High Court subsequently dismissed the PIL.

The Majestic-class aircraft carrier, purchased from Britain in 1957, played a key role in enforcing the naval blockade of East Pakistan during the Indo-Pakistan War of 1971.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp