It is reported that India has finalized a contract to acquire four new stealth frigates from Russian Federation for about $3billion. The first two of these “Upgraded Krivak III class”, will be built in Russia. The following two will be built in Goa Shipyard Ltd (GSL) with transfer of technology from Russia. Delivery is likely to begin four years after signing of the contract. The Indian Navy already operates six of these frigates. Russia’s Severnoye Design Bureau has redesigned some parts of the Krivak III-class frigate to reduce their radar cross-section, electromagnetic, acoustic and infrared signatures for providing it stealth features. They are India’s most versatile and heavilyarmed warships which are capable of conducting anti-ship, anti-submarine, and antiair operations.