IIT-Madras Start-Up AstraYAN Outpaces Global Rivals For Propulsion Integration Deal On ₹32,000 Crore Navy Warships

AstraYAN, a deep-tech company incubated at IIT-Madras, has emerged as the lowest bidder (L1) for a key Propulsion System Integration (PSI) contract linked to five indigenous Next Generation Corvettes (NGCs) being built by Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the Indian Navy under a program valued at approximately ₹32,000 crore, Business Line reported.The Chennai-based Start-Up
AstraYAN, a deep-tech company incubated at IIT-Madras, has emerged as the lowest bidder (L1) for a key Propulsion System Integration (PSI) contract linked to five indigenous Next Generation Corvettes (NGCs) being built by Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the Indian Navy under a program valued at approximately ₹32,000 crore, Business Line reported.The Chennai-based Start-Up
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