Indian shipyards Mazagon Dock Shipbuilders Limited (MDL), Garden Reach Shipbuilders & Engineers Limited (GRSEL), and Cochin Shipyard Limited (CSL) are set for substantial growth, driven by a significant pipeline of Indian Navy orders and diversification into commercial and export markets. The Navy's share in defence spending is approximately 21 per cent, ensuring robust order visibility for these domestic players.
India's three major listed shipyards - Mazagon Dock Shipbuilders Limited (MDL), Garden Reach Shipbuilders & Engineers Limited (GRSEL), and Cochin Shipyard Limited (CSL) - are poised for substantial growth, driven by a robust order pipeline from the Indian Navy and diversification into commercial and export markets.
The government is set to divest its shareholdings in defence PSUs, Garden Reach Shipbuilders & Engineers Ltd and Mishra Dhatu Nigam Ltd (MIDHANI). It will also divest its shareholding in BEML Limited, said Shripad Naik. Minister of State for Defence, on Monday. The government has invited preliminary bids to sell its 26 per cent stake in BEML along with transfer of management control.
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).
INS Udaygiri and INS Himagiri marks the first occasion when two frontline surface combatants constructed at two different shipyards were commissioned simultaneously.
INS Vindhyagiri was launched by President Droupadi Murmu, the Supreme Commander of India's armed forces, in Kolkata on Thursday, August 17, 2023.
Defence Minister Rajnath Singh lauds the armed forces' restrained response during Operation Sindoor after the Pahalgam terror attack, highlighting coordination and improved connectivity in border areas.
P17A ships are guided-missile frigates.
Time and cost overruns are endemic to most Indian warship building projects. A central reason is the Indian Navy's operational assessment that it is better to get a warship late and ov
The Indian Navy's prestigious Project 28, the programme to build four of the world's stealthiest anti-submarine corvettes, is on track to become even more cutting edge. By the end of this month, three international shipbuilders will be bidding to provide Kolkata-based Garden Reach Shipbuilders and Engineers with the technology to build a major part of the corvettes -- the entire superstructure -- with lightweight composites.
Designed and built by state-run Garden Reach Shipbuilders and Engineers, Kolkata, INS Koswari is a highly manoeuvrable craft and ideally suited for deployment along the coast, a defence release said.
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.
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.
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.
Warship INS Beas, an advanced guided missile frigate, was commissioned by the Indian Navy on Monday for deployment in security operations.
The submarines are being constructed at Mazagon Dock Shipbuilders Limited in Mumbai in collaboration with the Naval Group of France.
'The Raksha Mantri's day at sea'/
There was no word on the much-anticipated procurement of 26 naval variants of Rafale fighter jets by India from France.
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.
Kavaratti has state-of-the-art weapons and sensor suite capable of detecting and prosecuting submarines.
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.
Though this is part of the divestment drive, government's stake in these companies remains 100 per cent even after the buybacks
Here are some of the glimpses of the celebration
The fast interceptor craft delivered can patrol the coastline at a scorching speed of 45 knots.
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 Centre has set a steep divestment target of Rs 80,000 crore for 2018-19. In the first six months, it has managed to mop up less than Rs 10,000 crore.
Kavaratti will be commissioned before end-2019 -- three years later than contracted.
The government has cleared the indigenous construction of seven stealth frigates and six nuclear-powered submarines to bolster naval power.
INS Kamorta is the first of the four ASW stealth corvettes designed by Indian Navy's in-house organisation, Directorate of Naval Design (DND), and built by Garden Reach Shipbuilders & Engineers Ltd, Kolkata, under Project 28.
The warships will be armed with BrahMos supersonic cruise missiles which can reach targets 295 km away.
Saying it was not a worry, the Indian Navy said they were monitoring all such activities.
India will export its first warship later this month, a move that is seen as a big leap for the country's defence public sector units.
Private shipyards like the Reliance Defence and Engineering Limited are likely to respond to the navy's Request for Information (RFI) along with state-run shipyards.
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.
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.
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.
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.
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.
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