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VISAKHAPATNAM: The Indian Navy on Friday officially commissioned INS Nistar, the country's first indigenously designed and built support vessel at a ceremony held at the Naval dockyard here. The grand event was attended by Union minister of state Sanjay Seth, among others. The ship, the first of the two diving support vessels that were being built by Hindustan Shipyard is designed to undertake complex deep-sea saturation diving and rescue operations. Sanjay Seth said, "On this special and pro ...Read More >
India Sets Sail: 8 Mega Clusters To Revolutionise Shipbuilding Industry Under ₹2 Lakh Crore Plan Wednesday, July 09, 2025 by Indian Defence News India has embarked on a transformative journey to establish eight major shipbuilding clusters along its extensive coastline, aiming to elevate its domestic maritime manufacturing sector and position itself as a global shipbuilding powerhouse. This initiative, a cornerstone of the Atmanirbhar Bharat (Self-Reliant India) and Maritime Amrit Kaal Vision 2 ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat lea ...Read More >
India's Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (KSOE) that sets the stage for long term cooperation between the two companies. They have agreed to jointly explore newbuilding opportunities in India and abroad and to share technical expertise. KSOE oversees the operations of some of the world's largest shipyards, including Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries. CS ...Read More >
KOCHI: Aiming to develop Kochi as a major hub of shipbuilding in the Indian Ocean region, the Cochin Shipyard Limited (CSL) inked a comprehensive Memorandum of Understanding (MoU) with HD Korea Shipbuilding and Offshore Engineering Ltd (KSOE), a subsidiary of HD Hyundai, one of the largest shipbuilders in the world, on Friday. The MoU sets the stage for long term cooperation between the two companies in various domains of shipbuilding and maritime development, which includes joint exploration o ...Read More >
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 >
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 >
Garden Reach Shipbuilders & Engineers (GRSE), a Kolkata-based defence firm is betting big on expanding its offshore footprint. From signing a pact with Dubai based firm for new offshore projects to inking partnership with global engine manufacturer, the company has a strong pipeline of new orders. As part of its efforts to enter the offshore construction sector, GRSE also signed a Memorandum of Understanding (MoU) with Aries Marine, a Dubai-based engineering and design firm. The MoU aims to id ...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 >
New Delhi: In an effort to further strengthen its maritime operational capabilities, India will be inking two deals next month, to procure 26 Rafale (M) fighter aircraft and three Scorpene class submarine, with France under the inter-governmental agreement. Speaking at the annual press conference in the national capital, Indian Navy chief Admiral Dinesh K Tripathi on Monday said: "Rafale Marine is at an advanced stage of negotiations and is only one level short of taking it to the Cabinet Commi ...Read More >
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