IIT Madras start-up beats global majors to emerge L1 for Navy’s Rs 32,000 crore warship project

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CHENNAI: In a significant breakthrough for India’s indigenous defence technology sector, Chennai-based AstraYAN, an IIT Madras -incubated deep-tech start-up, has emerged as the lowest bidder (L1) for the propulsion system integration of five Next Generation Corvettes being built by Garden Reach…