Ship Breaking Company Purchases INS Vikrant for Rs. 63.2 Crore For Scrapping

  • A ship breaking company IB Commercial Private Ltd has bought India’s naval ship INS Vikrant for Rs 63.2 crore for scrapping at Darukhana ship-breaking yard.
  • The ship was active in 1971 war with Pakistan. It was removed from service in 1997
  • Indian Navy bought the ship, previously christened as HMS Hercules, from UK in 1957 and it was in operation from 1961 to 1997
  • Another Indian Naval ship bearing same name INS Vikrant , built in India was inducted in 2013
  • Purchase agreement entails ship breaking firm should take the ship out of harbour within a month.
  • Vikrant’s conversion into a museum has been considered by India’s defence ministry as uneconomical as its maintenance would have cost Rs 500 cr
  • Certain reports say Vikrant was unfit to be turned into a museum due to its damaged fire-fighting equipment on board and damaged structure due to rust
  • Bombay High Court sets aside a December 2013 PIL seeking preservation of the ship following which the ministry began the process for auctioning the ship.

Exams Perspective:

  1. INS Vikrant
  2. 1971 war with Pakistan
  3. PIL