Stay updated with the latest shipbuilding news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on shipbuilding topics.
I for I: India set to arm Indonesia to counter misadventures in Indo-Pacific In a historic move, Mazagon Dock Shipbuilders Limited (MDL) has inked a $52.96 million deal to acquire a controlling stake in Sri Lanka's premier dockyard, Colombo Dockyard PLC (CDPLC). This marks MDL's first international acquisition, signalling India's intent to establish a strategic maritime presence in the Indian Ocean particularly significant amid intensifying Chinese influence in the region. The deal, finalised t ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra P ...Read More >
New Delhi: In a strategic acquisition that will significantly expand its production capacity and take it on the path of becoming a global player, India's largest shipyard, Mazagon Dock Shipbuilders Limited (MDL), is buying a controlling stake in Sri Lanka's largest shipbuilder, located in the port of Colombo. The controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka's largest and most established shipyard, is being acquired for $52.96 million, with the Indian yard taking over as the majo ...Read More >
MUMBAI: The BJP rushed to the defence of the state government over its decision to introduce Hindi as an optional language for Classes 1 to 5 after the Thackeray cousins announced their decision to hold a joint morcha against "imposition" of Hindi in state schools.CM Devendra Fadnavis on Friday said Marathi is compulsory, Hindi is optional. "Basically, students can learn any Indian language. We have accepted the three-language policy. When NE was introduced, the Uddhav Thackeray govt was in offi ...Read More >
NEW DELHI: In a major development, Mumbai-based defence shipyard Mazagon Dock Shipbuilders Limited is poised to acquire a controlling stake in Sri Lanka's largest shipyard, Colombo Dockyard PLC (CDPLC), in a deal worth almost $53 million.The move marks the first international acquisition by India's largest shipyard that builds submarines, warships and other vessels, and will provide it with a 'strategic foothold' in the Indian Ocean Region (IOR).China, of course, has made deep strategic inroads ...Read More >
Ranchi: The historic Yatra celebrations at the Jagannath Temple in Dhurwa here commenced early on Friday morning with sacred rituals and a sea of devotees thronging the temple premises. Chants and sounds of conch shells rent the air as priests perform the "mangal aarti" at 4 am, marking the beginning of the 334th annual chariot festival dedicated to Lord Jagannath, Lord Balabhadra and Goddess Subhadra.By 5 am, the idols of the deities were open for darshan. As per schedule, darshan was halted at ...Read More >
Kolkata: Defence forces are keen to enrol more micro, small and medium enterprises from the eastern region, including Bengal, and have sought the support of leading chambers to work as a bridge with local MSMEs for defence manufacturing.At the BCC&I Atmanirbhar Bharat Award & Conclave in the city on Friday, defence officials appealed to the MSME sector to come forward.Arjun Kumar, additional director of directorate of technology development fund of DRDO, said the organisation was pushing new pro ...Read More >
Mumbai/New Delhi, Jun 27 (PTI) State-run Mazagon Dock Shipbuilders Limited (MDL) has decided to acquire a controlling stake in Sri Lanka's Colombo Dockyard PLC under a USD 52.96 million deal, a move that is expected to expand India's strategic presence in the island nation. MDL's decision marks its first international venture and is seen as a major milestone in the company's transformation from a purely domestic shipbuilder into a regional maritime player with global aspirations. "Located in t ...Read More >
New Delhi, Jun 27 (PTI) India's biggest warship builder Mazagon Dock Shipbuilders Ltd on Friday said it has decided to acquire a controlling stake in Colombo Dockyard PLC in an all-cash deal of about Rs 452 crore. The Mumbai-headquartered shipbuilder, in a regulatory filing, said the proposed acquisition will enable the company to strengthen its position in the ship repair and shipbuilding industry by unlocking operational synergies, enhancing research development capacities and expanding marke ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): Mazagon Dock Shipbuilders announced on Friday it is set to acquire a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka's largest shipyard, in a deal worth up to USD 52.96 million. According to the state-owned company, this marks MDL's first international acquisition. Also Read | YouTube Channel Claims Govt Is Giving INR 4,500 Per Month To Unemployed Youth Under 'PM Berojgari Bhatta Yojana'? PIB Fact Check Debunks Fake News. Located in th ...Read More >
The Indian Coast Guard inducted 'Adamya', the first of eight Fast Patrol Vessels built by Goa Shipyard Ltd, enhancing maritime security with advanced technology and over 60% indigenous content. This vessel, equipped with state-of-the-art systems, will boost the ICG's capabilities in law enforcement, surveillance, and search and rescue operations.Fast Patrol Vessel (FPV) 'Adamya', the first in a series of eight being constructed for the Indian Coast Guard, and equipped with state-of-the-art techn ...Read More >
New Delhi, June 26: Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Thursday inaugurated the Sagarmala Finance Corporation Limited (SMFCL), India's first Non-Banking Financial Company (NBFC) in the maritime sector. Formerly known as the Sagarmala Development Company Limited, the SMFCL is now positioned to play a transformative role in India's maritime infrastructure development. A Mini Ratna Central Public Sector Enterprise, the SMFCL has been formally registered as an NBFC ...Read More >
NEW DELHI: Union home minister Amit Shah on Thursday said that Hindi was a "friend to all Indian languages", adding that there should be "no opposition" to any foreign tongues. This comes as several political parties have criticised the Centre over three-language policy, accusing it of Hindi imposition."I sincerely believe that Hindi can't be opposed ('virodhi') to any Indian language. Hindi is a friend ('sakhi') of all Indian languages," Amit Shah said. Shah was addressing the golden jubilee ce ...Read More >
New Delhi, Jun 26 (PTI) Union Minister Sarbananda Sonowal on Thursday launched the country's first non-banking financial company in the maritime sector -- Sagarmala Finance Corporation Ltd (SMFCL). As a sector-specific NBFC, SMFCL is set to bridge financing gaps in the maritime sector and catalyse economic growth, the minister of Ports, Shipping and Waterways said. Also Read | What Are the New Metro Compensation Rules in India? Ministry of Housing and Urban Affairs Enhances Payouts for Death a ...Read More >
New Delhi, Jun 26 (PTI) Union Minister Sarbananda Sonowal on Thursday launched the country's first non-banking financial company in the maritime sector -- Sagarmala Finance Corporation Ltd (SMFCL). As a sector-specific NBFC, SMFCL is set to bridge financing gaps in the maritime sector and catalyse economic growth, the minister of Ports, Shipping and Waterways said. The corporation will provide financial products -- including short, medium, and long-term funding -- to a diverse range of stakeho ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enha ...Read More >
Kota, Jun 6 (PTI) A relationship manager in an ICICI bank branch in Kota allegedly swindled around Rs 4.58 crore from customers' accounts only to lose the lot of it in the stock market, police on Friday said. She was arrested last week and is currently under judicial custody, they said. Also Read | Bengaluru Stampede: Police Complaint Lodged Against Virat Kohli Over Stampede Tragedy Near Chinnaswamy Stadium. The accused, Sakshi Gupta, was posted as a relationship manager at ICICI Bank's DCM b ...Read More >
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates ...Read More >
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrate ...Read More >
New Delhi, Jun 6 (PTI) The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. Also Read | Water Cut in Pune: Supply Suspended in South Pune on Jun ...Read More >
Vijayawada, June 6 (UNI) Andhra Pradesh Chief Minister N Chandrababu Naidu has directed officials to develop the 'Visakha Economic Region' as the growth engine of Andhra Pradesh, aiming for a $120 billion economy from this region by 2032. During a review meeting on Friday with the NITI Aayog officials at the Secretariat, the Chief Minister discussed the development of the Visakhapatnam Economic Region. He highlighted the need to transform Visakhapatnam into another Mumbai in the next seven yea ...Read More >
OSLO: India reaffirmed its global maritime ambitions with a USD 20 billion commitment toward enhancing multimodal logistics, port connectivity, and trade facilitation, Union Minister Sarbananda Sonowal announced during the India@Nor-Shipping session in Oslo. Highlighting the country's robust maritime transformation under Prime Minister Narendra Modi's vision of Viksit Bharat and Atmanirbhar Bharat, Sonowal projected India as a sustainable, secure, and tech-driven maritime leader. "India is movi ...Read More >
Garden Reach share price has rallied a staggering 113 percent since the start of the year. Shares of Garden Reach Shipbuilders & Engineers (GRSE) climbed percent as much as 5 percent to hit a fresh 52-week high of Rs 3,521 in morning deals on Thursday after the defence PSU announced fresh global collaborations aimed at expanding its presence beyond military platforms. In a regulatory filing, GRSE said it has entered into a memorandum of understanding (MoU) with Hamburg-based Carsten Rehder for ...Read More >
Oslo [Norway], June 5 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked them with leading global players, exploring opportunities for collaboration and future business. A Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,50 ...Read More >
New Delhi: The Indian Navy will formally induct and unveil the name of the ancient stitched ship, a recreation of a fifth century ship inspired by a painting from the Ajanta Caves, on Wednesday at Naval Base in Karwar. Union Minister of Culture, Gajendra Singh Shekhawat, will preside over the ceremony. The project was initiated through a tripartite agreement signed in July 2023 between the Ministry of Culture, the Indian Navy and Hodi Innovations, with funding from the Ministry of Culture. The ...Read More >
Mumbai, Dec 18 (PTI) Cochin Shipyard Limited's wholly-owned subsidiary Udupi-Cochin Shipyard on Wednesday announced the launch of the Series of Six 3800 TDW general cargo vessels being built for Norway's Wilson ASA. The vessel was launched by Martine Aamdal Bottheim, Minister Counsellor and Deputy Head of Mission at the Royal Norwegian Embassy, along with Wilson ASA Chief Financial Officer Einar Tornes and Cochin Shipyard's Chairman and MD Madhu S Nair, Cochin Shipyard Ltd said. Constructed as ...Read More >
Tata Steel is bolstering its iron ore supply for its planned 40 MTPA steel production by 2030. With four mine leases expiring in 2030, the company is operationalizing two new mines and negotiating with NMDC and OMC for additional ore. These strategies aim to secure the over 60 MT of iron ore required for the expanded steel capacity.Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its dom ...Read More >
BEML Ltd and Mazagon Dock Shipbuilders Ltd have signed an MoU to collaborate on marine technologies. The partnership aligns with India's Aatmanirbhar Bharat initiative, aiming to advance indigenous tech in the defence sector. It focuses on reducing dependency on imports and fostering innovation and self-reliance. BEML Ltd and Mazagon Dock Shipbuilders Ltd (MDL) have inked a Memorandum of Understanding to spearhead research and development in marine technologies. The partnership aligns with Indi ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.