With the government announcing investments to the tune of Rs 69,725 crore for shipbuilding and maritime reform in India this year, the sector is entering a promising phase of growth. Shipbuilding, often termed the “mother of heavy engineering”, plays a central role by generating employment, attracting investment, and strengthening national security and strategic independence. India’s…
Shares of Mazagon Dock Shipbuilders Ltd. rose over 3 per cent in early trade on Monday after the Ministry of Defence approved the state-run shipbuilder to begin cost negotiations with Germany’s Thyssenkrupp Marine Systems for the ambitious P-75(I) submarine project. The stock opened at Rs 2,787, gaining 3.2 per cent from the previous close. Prior…
Defence stocks, BHEL, Cochin Shipyard: Defence-linked stocks surged on Tuesday amid reports that the Defence Acquisition Council (DAC) is likely to approve emergency defence procurement worth Rs 75,000 crore this week. Key deals could include orders for Quick Reaction Surface-to-Air Missiles (QRSAM) and mine sweepers, with major public-sector beneficiaries including Bharat Electronics (BEL), Bharat Dynamics…
Defence major Bharat Electronics Ltd (BEL) on Thursday, June 5, announced another new order worth Rs 2,323 crore from defence public sector undertakings Mazagon Dock Shipbuilders Ltd (MDL) and Garden Reach Shipbuilders & Engineers Ltd (GRSE). The order pertains to the provision of base and depot spares for missile systems that are installed on Indian…