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INS Chakra III Nuclear Submarine Lease by India

Sector: Aerospace & Defense • Location: India

Source: Мілітарний

Project
Delayed

India signed a $3 billion contract in 2019 to lease a new Project 971 nuclear submarine from Russia, planned to undergo modernization in Severodvinsk and arrive in India in 2025. Delivery has been delayed until at least 2028, likely due to international sanctions.

Status
Failure
Sector
Aerospace & Defense, Nuclear, Government
Location
India
Updated
22 Jul 2026
Source
Мілітарний

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The project “INS Chakra III Nuclear Submarine Lease by India” is an infrastructure initiative in the Aerospace & Defense sector, located in India. Taiyo aggregates data on it from Мілітарний.

Participants

Sponsoring Agency

Status

Original status

delayed

Taiyo status

Failure

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

India signed a $3 billion contract in 2019 to lease a new Project 971 nuclear submarine from Russia, planned to undergo modernization in Severodvinsk and arrive in India in 2025. Delivery has been delayed until at least 2028, likely due to international sanctions.

Original sector

Defense

Budget

Location

Country

India

Source

Source

Мілітарний

URL

More Details

Record type

Project

Sector

Aerospace & Defense, Nuclear, Government

Article published date

2025-06-05

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