page_title: Boustead Heavy Industries Corporation (BHIC)
section_title: SGPV Program
hierarchical_section_title: Boustead Heavy Industries Corporation (BHIC) / Products / SGPV Program
caption_attribution_description: English: El Fateh Gowind corvette takes part in Medusa 6 exercise between Egypt, Greece and Cyprus.
context_page_description: Boustead Heavy Industries Corporation Berhad, known for its subsidiary Boustead Naval Shipyard and often abbreviated as BHIC and BNS is a Malaysian industrial group specialised in naval and commercial shipbuilding as well as ship-related services. Its primary focus is shipbuilding, fabrication of offshore structures, as well as repair and maintenance of vessels and equipment. The company is a public limited company and the largest shareholder is Lembaga Tabung Angkatan Tentera, a government statutory body which provides retirement benefits and a savings scheme for officers of the Malaysian Armed Forces, with a 58.69% stake. The second largest shareholder is Kumpulan Wang Persaraan, a company created by the Malaysian Government as an investment company, with a stake of 7.17%. The parent company is Boustead Holdings.
context_section_description: In 2011, Boustead Naval Shipyard was awarded a RM9 billion (US$2.8 billion) contract for the construction of 6 Second Generation Patrol Vessels also known as Maharaja Lela-class frigate for the Royal Malaysian Navy. Boustead Heavy Industries will design the ship with DCNS acting as the design authority and build all 6 ships entirely in Lumut, Malaysia. This represented the largest contract for the company since formation. The contract for the ships included intellectual property rights and technology transfer. The shipyard will undergo a major upgrade to accommodate the construction of the ships.
  At DSA 2014, the program manager Mr Anuar replied to an interview saying that "The program is progressing rather well, with some parts already in critical design review" and "We expect the first ship to be finished by 2017 or early 2018". He also commented that the ships are "full fledged frigates and in my opinion, will be a huge deterrent for the Royal Malaysian Navy."
  Various subcontracts like the Thales CAPTAS-2 Towed array sonar, the Bofors 57 mm gun, torpedo launching systems have already been awarded and the first ship is expected to be completed in 2018.
caption: SGPV is based on Gowind-class
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