The Defence Acquisition Council (DAC) has recently approved procurement proposals worth Rs 79,000 crore across three services and it has cleared AoN (Acceptance of Necessity) of Rs 3.3 trillion in financial year 2026 (FY26).
The two anti-submarine warfare shallow watercraft built by Garden Reach Shipbuilders and Engineers Limited were launched by Neeta Chaudhari, wife of Chief of Air Staff of Indian Air Force, Air Chief Marshal V R Chaudhari.
A spate of recent orders under the Indigenously Designed Developed and Manufactured (IDDM) category have led to investor focus on defence stocks. Actually, the defence index has been an outperformer for a long while with public sector undertakings (PSUs) like Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Garden Reach Shipbuilders Engineers (GRSE), Cochin Shipyard and Goa Shipyard being beneficiaries of the policy.
This is the sixth of seven ships built under 'Project 17 Alpha' for the Navy. The first five ships of the project were launched between 2019 and 2022.
P17A ships are guided-missile frigates.
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.
Confident that Indian Armed Forces will leave no stone unturned to safeguard our frontiers be it at land, air or ocean," Rawat said.
The navy's need for shallow water anti-submarine craft stems from the peculiar nature of the Arabian Sea bed, which is extremely shallow even tens of nautical miles from the coast.
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.
Kavaratti has state-of-the-art weapons and sensor suite capable of detecting and prosecuting submarines.
Defence public sector undertakings (PSUs) have been asked by the Centre to hold roadshows in Dubai and Abu Dhabi to share their financials and business plans to reel in investors. Hindustan Aeronautics (HAL), Bharat Dynamics (BDL), Bharat Electronics (BEL), Garden Reach Shipbuilders & Engineers (GRSE), and Mishra Dhatu Nigam (MIDHANI) have informed stock exchanges that they will conduct investor outreach programmes and participate in 'non-deal' roadshows and meetings with prospective investors from September 12-15. They will share their short- and medium-term growth plans, financial metrics, improvement in their stock performance/ market capitalisation - and make a pitch of sorts to prospective investors.
The ban on import of 101 items is a big step towards an Atma Nirbhar Bharat (self-reliant India). This list of negative items contains not only small items but weapon systems of high and critical technology. More such items will be added to this list shortly which will save crores of rupees in imports, the defence minister said.
The IAC would serve to bolster India's position in the Indian Ocean Region (IOR) and its quest for a blue water Navy
This is the first time an Indian shipyard has been commissioned to design and build a warship to specifications formulated by a buyer country. This marks an important first landmark in the Bharatiya Janata Party-led government's drive to increase defence exports.
India's largest warship builders -- Mazagon Dock Ltd, Mumbai; and Garden Reach Shipbuilders & Engineers, Kolkata - have prevailed over the Indian Navy's objections. MDL and GRSE will divide between them the entire order for seven improved stealth frigates, code-named Project 17A.The Navy was insisting that the first two frigates of Project 17A be built abroad, so that MDL and GRSE could learn how to build ships using new modular methods that are preferred by European shipyard
In the hot Kolkata sun, on the banks of the Hooghly river, craftsmen from Garden Reach Shipbuilders & Engineers (GRSE) swarm over what will be the Indian Navy's most high-tech stealth warship. For GRSE, the navy's order for four anti-submarine warfare (ASW) corvettes is its flagship project. But Project 28, as it is termed, is two years behind schedule.The first corvette was to join the fleet early next year. However, it will be delivered only in June 2012.
With the MoD loosening its hold over its shipyards, Garden Reach Shipbuilders and Engineers buzzes with a capitalist energy never seen before in the 124-year history of that shipyard.
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Barring one, three are debt-free and sitting on large cash reserves.
INS Tihayu, specifically built for meeting needs of extended coastal and offshore surveillance and patrol, has a length of 49.9 metres and maximum breadth of 7.5 meters.
Ready to protect the waters, India's first indigenously-built anti-submarine warfare corvette INS Kamorta will be handed over to the Indian Navy on Saturday, defence officials said.
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
Kavaratti will be commissioned before end-2019 -- three years later than contracted.
The STF of Kolkata Police has seized mobile phone SIM card which, it believes, was used by the three arrested suspected ISI agents to pass on information to the ISI of Pakistan.
The sprawling warship building facility caters to the combat vessel requirements of not only the Navy, but also the Coast Guard.
"INS Kiltan strengthens our defence system and will be a shining armour in our 'Make in India' programme," Sitharaman said.
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 Special Task Force of Kolkata Police on Sunday arrested three persons from the southern part of the city for their alleged links to Pakistan's Inter Services Intelligence.
India's first indigenously-built anti-submarine warfare corvette INS Kamorta is ready to be commissioned into the Indian Navy next month, defence officials said in Kolkata.
Still, there remains a worrying shortfall of frigates, which are the navy's workhorses. 'We need to have at least 24 frigates,' says a senior admiral. 'Currently we are 10 short.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The navy's plan to build three Russian Talwar-class frigates has a less than wholesome odour.
The floods that engulfed the state of Jammu and Kashmir have been unprecedented in its history. In fact, the deluge of rains suffered by the state was at par --- and in some case, far worse --- than what was witnessed in Uttarakhand in June last year.
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