The Indian Navy described it as a "proud and historic" day for the nation and said India has joined a select group of countries having niche capability to indigenously design, build and integrate a state-of-the-art aircraft carrier.
The Indian Navy has started the construction -- at its Cochin shipyard -- of a totally indigenous aircraft carrier with a capacity of 25 aircraft.
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 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.
The mega procurement proposal will shortly be placed before the Defence Acquisition Council, the defence ministry's top body on procurement, they said.
The biggest bounce is in the realty sector, where the industry index jumped 80%. There's been a turnaround also in automobiles and ancillaries (up 45%). The pharma and health care indices have a welcome return of roughly 35%.
The 40,000-tonne aircraft carrier, the largest and most complex warship to be built in India, successfully completed a five-day maiden sea voyage in August.
India's mainstream naval fighter jet plane MiG-29K faces operational deficiencies due to defects in engines, airframe and fly-by-wire system leading to very low availability.
Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline
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.
Scheduled to be launched by Defence Minister A K Antony's wife Elizabeth Antony, the carrier will be named after Vikrant, India's first aircraft carrier, Naval Staff vice chief Vice-Admiral R K Dhowan said.
Navy said the landing demonstrated India's capability to design, develop, construct and operate indigenous aircraft carrier with indigenous fighter aircraft.
Dipam is conducting the selection of merchant bankers and legal advisors, and planning roadshows.
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.
Close on the heels of the sinking of submarine INS Sindhurakshak in which all the 18 personnel died, a fire incident took place on country's only aircraft carrier INS Virat off the coast of Mumbai.
Overnight, the Wall Street closed on a flatter note.
In a record time of 13 years, the Indigenous Aircraft Carrier Vikrant is now ready for formal induction into the Indian Navy.
'... To ensure that the vast Indian Ocean Region remain peaceful.'
Stocks of defence-related companies have been firing on all cylinders on the bourses in calendar year 2023 (CY23). Shares of Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Data Patterns, MTAR Tech, Cochin Shipyard and GRSE have rallied in the range of 21-96 per cent so far this year. By comparison, the BSE Sensex is up 8 per cent. The gains have been sustained on the back of robust export opportunities, a healthy project pipeline and the government's continued push for local manufacturing and indigenisation of defence equipment.
India on Wednesday undocked its first indigenously-built aircraft carrier INS Vikrant.
The move will lead to augmentation of water infrastructure in the country
India will launch its first indigenous aircraft carrier INS Vikrant on Monday, making an entry into a select club of countries capable of designing and building a carrier of this size and capability.
The warships will be armed with BrahMos supersonic cruise missiles which can reach targets 295 km away.
Prime Minister Narendra Modi on Friday unveiled the new Naval Ensign 'Nishaan' at Cochin Shipyard Limited in Kochi, doing away with the colonial past and befitting the rich Indian maritime heritage.
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.
Prime Minister Narendra Modi commissioned India's first indigenously designed and built aircraft carrier INS Vikrant in Kochi on Friday, that put India into a select league of countries with domestic capability to build such large war ships.
The aircraft carrier, built at a cost of around Rs 23,000 crore, set sail on Wednesday for the crucial sea trials ahead of its planned induction into the Indian Navy by August next year.
An Indian Coast Guard Ship, designed and built by Cochin Shipyard Limited, was commissioned here on Monday by Flag Officer, Commanding-in-Chief, Southern Naval Command, Vice Admiral Sunil Lanba.
'If the NDA comes to power with 320-330 plus seats, then we could see some correction. We could possibly see a level of 19,500 to 20,000.' 'If the NDA comes to power with a majority of 400-plus, we could see the markets going to about 23,500-24,000 levels.' 'And from there we could see some correction because markets are expensive at this point of time and a correction is overdue.'
Union Defence Minister Manohar Parrikar on Monday commissioned four Indian Coast Guard vessels at port town of Vasco in Goa, which will be mainly used for patrolling and interception.
'We will prioritise our requirements so that the country's maritime interests are not compromised.'
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
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.
The Indian Navy has a big role to play in support of our strategic objectives in the Indian Ocean. The increasing Chinese presence in the Indian Ocean is a matter of concern and need to be factored. Hence, the requirement of an Aircraft Carrier is a foregone conclusion, asserts Commodore Venugopal Menon (retd).
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
India does not have the facilities needed for developing advanced aerospace products. There is only one wind tunnel in the country, the almost six decade old one in the National Aeronautics Laboratory.
India's majestic aircraft carrier INS Viraat, which is slated to be decommissioned later this year, set sail for the last time from Mumbai for Kochi on Saturday.
For about three more years, the Indian Navy will have to make do with its lone carrier -- the Russia-built INS Vikramaditya.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances