Hope To Rescue INS Viraat Fades, Nearly Impossible Terms Listed For Transfer

Sunday, 13 December 2020Newsdesk

The Gujarat-based company which intends to break-up the former Navy carrier Viraat for scrap continues to offer a sliver of hope for a rescue plan that involves its transfer to Envitech Marine Consultants Private Limited which intends to convert the warship into a maritime museum.

New Delhi, 13 December 2020

As per news report of NDTV, however, the terms now being offered make it almost impossible for this plan to be realised. "If there is a [government sanctioned] No Objection Certificate and they [Envitech] send full payment in one shot, then it is possible,'' said Mukesh Patel, the Chairman of Alang-based Shree Ram ship-breakers told NDTV. That payment is expected to be at least Rs.110 crore. Earlier reports indicate that Shree Ram procured the warship from the government-run Metal Scrap Trade Corporation Limited (MSTC) through an e-auction for Rs.38 crores.

Source -NDTV