Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ News / India/  INS Chakra, India's lone nuclear-powered attack submarine, returns to Russia
BackBack

INS Chakra, India's lone nuclear-powered attack submarine, returns to Russia

Indian Navy's lone nuclear-powered attack submarine on its way back to Russia

A snapshot of India’s sole nuclear powered attack submarine INS Chakra (Wikimedia Commons) (HT_PRINT)Premium
A snapshot of India’s sole nuclear powered attack submarine INS Chakra (Wikimedia Commons) (HT_PRINT)

Indian Navy's only nuclear-powered attack submarine, the INS Chakra, which was taken on lease from Russia, is believed to be on its way back to the country of its origin, people familiar with the development said on Friday.

INS Chakra, an Akula class vessel, was taken on lease from Russia in 2012. It was the second nuclear-powered attack submarine that India had taken on lease from that country.

The submarine is returning to Russia as its lease period is learnt to be coming to an end, the people familiar with the development said.

The first nuclear-powered submarine, also called Chakra, was taken in 1988 under a three-year lease from the then Soviet Union.

Some pictures of INS Chakra returning to Russia came out on social media. However, there was no official comment on the matter.

In 2019, India sealed a USD 3 billion deal with Russia for leasing another nuclear-powered attack submarine for the Indian Navy for a period of 10 years.

Under the deal, Russia will have to deliver the Akula class submarine, to be known as Chakra III, to the Indian Navy by 2025.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 04 Jun 2021, 10:20 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App