The two ships are part of the series of eight anti-submarine warfare shallow water crafts which are under construction in CSL.
That includes the building of an anti-submarine warfare Corvette and an aircraft carrier for the navy.
The government on Tuesday said it has received Rs 4,353 crore as dividend tranches from seven public sector enterprises, including Coal India and PFC. Government has respectively received about Rs 575 crore and Rs 2038 crore from Nuclear Power Corporation of India Ltd and Coal India Ltd as dividend tranches," Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey tweeted. Besides, about Rs 887 crore and Rs 653 crore have been received from Power Finance Corporation (PFC) and Hindustan Aeronautics Ltd as dividend tranches.
The government has received Rs 413 crore as dividend tranches from five CPSEs, including NLC and NALCO. "Government has received Rs 78 crore and Rs 165 crore respectively from Antariksh corp and NLC as dividend tranches," DIPAM secretary Tuhin Kanta Pandey tweeted.
The IAC would serve to bolster India's position in the Indian Ocean Region (IOR) and its quest for a blue water Navy
The government on Monday announced increasing people's holding in public sector undertakings through the divestment programme, but said it would retain at least 51 per cent equity in these enterprises and would keep the banks and insurance companies under its control.
India's second aircraft carrier, INS Viraat, drydocked at Cochin Shipyard Ltd for extensive maintenance work and re-fit, is expected to leave for Mumbai by this month end and hopes to join the fleet around mid-year.
India's first indigenous aircraft carrier, INS Vikrant, headed out for the next set of its sea trials in Kochi on Sunday, January 9, 2022.
The warships will be armed with BrahMos supersonic cruise missiles which can reach targets 295 km away.
The resumption of two-carrier operations signals India's return to the elite clutch of navies that have the ship platforms and experience for operations that simultaneously involve more than one aircraft carrier.
INS Vikrant is being delivered about six years late and at a cost of about Rs 20,000 crore instead of the sanctioned Rs 3,261 crore.
The commissioning of the indigenously-built aircraft carrier INS Vikrant will contribute in ensuring peace and stability in the Indo-Pacific region, Vice Chief of Indian Navy Vice Admiral S N Ghormade said on Thursday.
Navy said the landing demonstrated India's capability to design, develop, construct and operate indigenous aircraft carrier with indigenous fighter aircraft.
The core group of secretaries on divestment scrutinised the financial bids for sale of newsprint maker NEPA and took up the issue of the divestment of equity in a slew of PSUs.
The government is likely to list four or five more of state-owned companies, which include Satluj Jal Vidyut Nigam Ltd, Manganese Ore India Ltd and Cochin Shipyard, by March next year. A senior government official said the government plans to dilute up to 10 per cent in these companies.
Overnight, the Wall Street closed on a flatter note.
Air India sale will give a boost to India's privatisation drive, the Economic Survey said on Monday, as it suggested redefining the public sector role in business enterprises to encourage private participation in all sectors. The government earlier this month handed over ownership rights in national carrier Air India to Tata Group for Rs 18,000 crore. The amount includes the takeover of the debt burden of Rs 15,300 crore and another Rs 2,700 crore in cash.
Addressing a gathering of around 6,000 in-charges of 'Shakti Kendras,' each comprising two to three booth-level areas, at Marine Drive, the prime minister said that Kerala has the potential to influence who will be in power in Delhi.
In line with the government's vision of 'Aatmanirbhar Bharat', the ministry of defence on Thursday signed contracts with Indian shipyards for the acquisition of 11 next generation offshore patrol vessels and six next generation missile vessels at a cost of nearly Rs 19,600 crore, officials said.
The mega procurement proposal will shortly be placed before the Defence Acquisition Council, the defence ministry's top body on procurement, they said.
In a record time of 13 years, the Indigenous Aircraft Carrier Vikrant is now ready for formal induction into the Indian Navy.
Though the government says public and private shipyards compete on equal terms, public shipyards feast at the high table with the defence ministry, with only scraps being tossed to private shipbuilders.
The MiG29K and MiG29KUB, the aircraft carrier's primary fighters, spent more time in the hangar than in the air, with fleet serviceability remaining below 50 per cent, reports Ajai Shukla.
Indo-United States defence ties will not be impacted due to the issue relating to Indian diplomat Devayani Khobragade, Defence Minister AK Antony on Tuesday said.
Beyond the British and Russian strands interwoven into the Indian Navy's equipment profile and the strong drive towards indigenisation evident today, its future in aircraft carriers appears increasingly linked with America.
>The Indian Navy wants 'day and night capable, all weather multi-role deck based combat aircraft which can be used for air defence, air-to-surface operations, buddy refuelling, reconnaissance, electronic warfare missions' from its aircraft carriers.
The navy is pushing hard for IAC-2 to be a 65,000-tonne, flat deck carrier that is designed and built in India, with technical and tactical consultation from the US navy -- the global masters in aircraft carrier operations.
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
The defence ministry remains uncertain about spending billions of dollars on a carrier.
With the expected launch of The People's Liberation Army (Navy)'s second aircraft carrier on April 23, China will match India in carrier numbers.
or the first time, the size and specifications of the Indian Navy's future aircraft carrier have been officially acknowledged.
In New Delhi's corridors of power, debate continues on whether the navy even needs a third aircraft carrier.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The aircraft carrier INS Vikramaditya, formerly the Admiral Gorshkov, expected to join the Indian Navy later this year, is already late by five years and its price has risen three-fold, from $947 million (about Rs 5,735 crore) in 2004 to $2.3 billion (Rs 13,928.8 crore) today.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Kerala floods take a toll on small businesses, NBFCs brace for losses
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
With the United States delivering an increasing share of India's arms imports, New Delhi must work with it to retain control of our regional waters
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