INS Vindhyagiri (F-42), the sixth and the last of the Nilgiri class of frigates which was damaged in an accident last year, has been decommissioned.
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
A weak economy coupled with rising Covid-19 cases and inflation that is above RBI's comfort zone, geopolitical developments, and upcoming India Inc's second quarter results for FY21 could impact sentiment, analysts say.
Under-construction warship 'Visakhapatnam' caught fire at 5.44 pm. The blaze erupted on the second deck of the ship.
The 143-metre-long warship, with 6,000-tonne displacement, has "versatile control systems with signature management and radar cross-section reduction features."
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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
The 6500-ton ship, to be named INS Kochi, is being built by Mazagon Docks Limited in Mumbai.
The Indian Navy's firepower is going to be significantly boosted with the addition of four heavy warships. The navy's design chief, Rear Admiral MK Badhwar, has confirmed for the first time, to Business Standard, that the Defence Acquisition Council --the top procurement body in the Ministry of Defence --has cleared Project 15-B, the construction of four 6800-tonne destroyers by Mazagon Dock Ltd, Mumbai.
Confronted with competition, state-run logistics companies are opting for joint ventures among themselves and with the private sector.
INS Khanderi, the second Scorpene-class submarine that can attack with torpedoes as well as tube-launched anti-ship missiles whilst underwater or on surface, was launched at the Mazgaon Dock Shipbuilders Ltd in Mumbai in January 2017.
Insufficient technology has been transferred during the ongoing Project 75, which involves building 6 Scorpene-class submarines.
The warships will be armed with BrahMos supersonic cruise missiles which can reach targets 295 km away.
On Saturday, Prime Minister Narendra Modi will be in Mumbai to induct the country's largest indigenously built warship INS Kolkata.
"There is a high-level committee which is inquiring into the Scorpene leak on our side," Admiral Lanba said.
The government has cleared the indigenous construction of seven stealth frigates and six nuclear-powered submarines to bolster naval power.
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 INS Chakra III will be ideal for 'sea denial' missions, in which the submarine denies the enemy the use of the sea.
AIP or Air Independent Propulsion system allows the vessel to stay underwater for a longer duration.
Indian Navy Chief Admiral R K Dhowan enumerated a three-pronged strategy to counter the country's minified submarine fleet.
The leaked documents include details of submarine's underwater sensors, above-water sensors, combat management system, torpedo launch system and specifications, communications system and navigation systems.
Kalvari is expected to enter service by September end.
The country's first indigenously designed and built warship Godavari will be decommissioned on Wednesday in Mumbai, thirty-two years after it was commissioned into the Indian Navy.
The state-of-the-art features of this Scorpene class submarine include superior stealth and the ability to launch a crippling attack on the enemy using precision guided weapon.
The government has withdrawn the tender for purchase of 98 torpedos for Scorpene submarines which a subsidiary of chopper scam tainted Italian defence conglomerate Finmeccanica had won during the UNited Progressive Alliance regime.
Like in the previous case, the newspaper has blacked out all details which it felt would compromise India's security interests.
There were 35 defects that still remained to be resolved. Of these, 29 could not have been resolved during the monsoon since they required testing in absolutely calm seas. Nor is the Khanderi being commissioned with a full complement of its primary weapon, the torpedo.
India on Monday successfully test-fired the 290 km-range BrahMos supersonic anti-ship cruise missile from the country's largest indigenous warship INS Kolkata off the coast of Karwar in Karnataka.
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
Defence Minister A K Antony has asked the Navy and the DRDO to maintain highest safety standards in the nuclear submarine fleet of the country after the mishap at the site of an under-construction vessel at Vishakhapatnam in which one person was killed.
Navy chief Admiral Sunil Lanba's wife Reena Lanba launched the submarine, which has been constructed by shipbuilder Mazagon Dock Limited in Mumbai.
Forex dealers said besides continued demand for the American currency from importers, increased capital outflows by foreign funds kept pressure on the rupee.
As a debate raged over sensitivity of leaked Scorpene data, Defence Minister Manohar Parrikar on Friday played down the leak, saying it is "not a big worry" as weapon system details were not included, a remark challenged by the publisher who asserted these will be made public on Monday.
Defence Minister Arun Jaitley on Wednesday reviewed the progress of 'Project 75' (indigenous submarine construction project) along with other ongoing warship projects, including P-15 B class stealth destroyers in Mumbai.
Pawan Hans, Dredging Corp on list to meet target of Rs 800 bn for 2018-19
Warship building projects worth at least Rs 630 billion have ground to a standstill. The defence ministry has halted tendering in wait for a government decision on whether to allow, or to exclude, Anil Ambani's shipbuilding firm from those contracts.
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.'
The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.
The Indian Navy is constrained by its lowest budgetary allocation since 2011-2012, reveals Ajai Shukla.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances