NEW DELHI: India is set to sign a $3-billion deal with Russia this week tolease another nuclear attack submarine that will be customised and fittedwith indigenous communications systems and sensors.

The deal for the Akula class submarine — dubbed Chakra III after the firsttwo similar vessels India obtained from Russia — will be the biggest signedwith Moscow since the $5.5-billion contract for the S-400 air defencesystem was finalised last year.

Sources told ET that the intergovernmental agreement for the submarinelease is likely to be inked on March 7 and that the vessel will be ready by2025 after an extensive building programme on mothballed hulls at a Russianshipyard.

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