INDIGENOUS SHIPBUILDING
Indian Navy to get 43,500-tonne ‘Surya’ ship as Rajnath Singh lays keel at HSL in Visakhapatnam
Defence Minister Rajnath Singh on Tuesday inaugurated major shipbuilding and maritime infrastructure projects at Hindustan Shipyard Limited in Visakhapatnam. He launched the Indian Navy’s first Fleet Support Ship, ‘Surya’, laid the keel for FSS-5 and inaugurated an upgraded slipway and 300-tonne Goliath crane capable of supporting construction of vessels up to 45,000 DWT.
Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37%
The current fall is both at the level of the indices and the broader market. And when the selling is this broad, almost every sector is affected. But they do not all feel it equally, and it is worth knowing why every sector behaves differently at different points of time. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Satellite images show China building new class of submarine, India’s submarine plans compared
Fresh satellite imagery of a Chinese submarine under construction has highlighted developments in Beijing’s nuclear-powered attack submarine designs, including a possible pumpjet propulsion system and X-shaped stern. At the same time, India is pursuing several submarine programmes to expand and modernise its underwater fleet. Recent submarine construction data also points to different fleet sizes and development timelines for China and India.
Reforms improved India’s competitiveness, strengthened resilience: CII’s R Mukundan
Reforms in taxation and digital infrastructure have boosted India's economic competitiveness. GST and the JAM trinity integrated millions into the formal financial system. Government infrastructure investment has significantly lowered logistics costs across the nation. Manufacturing sectors like electronics and pharmaceuticals show substantial growth and increased exports. Future growth depends on private investment and deepening domestic value chains.
We must resolve to transform all defence PSUs into global giants: Rajnath Singh
Defence Minister Rajnath Singh stressed defence PSUs' vital role in national security imperatives. He urged them to prioritize timely delivery and reduce import dependency significantly. Efforts should focus on achieving global quality standards for all defence products. Increased investment in research and development was welcomed by the minister. Defence PSUs presented dividend cheques totaling Rs 3,951 crore to the government.
Indian Navy commissions second Diving Support Vessel 'Nipun' at Mumbai Naval Dockyard
The Indian Navy commissioned its second Diving Support Vessel, Nipun, in Mumbai. This specialized vessel enhances deep-sea diving and underwater operational capabilities significantly. Built by Hindustan Shipyard Limited, Nipun boasts nearly seventy-five percent indigenous content. The vessel supports deep-sea saturation diving and submarine rescue operations effectively. Its induction strengthens India's maritime self-reliance and shipbuilding prowess.
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First drones, now missiles. The spending is certain, who gets the maximum is not: 14 stocks from the defence ecosystem
The defence sector’s positives are well known. But there are some unknowns. For “security reasons” we will never know how or why orders are placed, or how the focus areas are decided. Not surprising. No government will announce what it plans to do for its own defence. The only certainty is that there will be an increase in spending. Just Google how many countries have said that their defence spending as a percentage of GDP will see a sharp rise in the next three years. The number and names on the list may surprise you.
ET Startup Awards 2026 | Best on Campus: Armatrix slithers to success with snake-like robotic arms
Armatrix has won the Best on Campus award at the ET Startup Awards 2026 for its snake-like robotic arms designed to work in narrow, hazardous industrial spaces. Founded on the IIT-Kanpur campus in 2024, the startup is running paid pilots in shipbuilding and plans to expand into aviation, oil and gas and nuclear industries.
Navy to induct second diving support vessel 'Nipun'
The Indian Navy will commission its second Diving Support Vessel, Nipun, on August 31, 2026. This specialized vessel will enhance the Navy's deep-sea diving and underwater support capabilities. Nipun, indigenously designed and built by Hindustan Shipyard Limited, was delivered on July 30, 2026. Its induction marks a significant step towards self-reliance in defense shipbuilding. The commissioning signifies the vessel's transition from construction to operational service.
Indian Navy to induct Nipun on August 31: Meet the indigenously built vessel for deep-sea diving and submarine rescue
The Indian Navy is set to welcome its second Diving Support Vessel, Nipun, on August 31. This vessel, developed domestically, significantly boosts India's capacity for deep-sea diving and submarine rescue operations. With advanced diving systems and reliable station-keeping features, Nipun will facilitate intricate underwater missions that align with India's maritime objectives, underscoring the robust growth of the nation's shipbuilding capabilities.
GRSE, YIL step up shipbuilding, defence manufacturing capacity in West Bengal
Garden Reach Shipbuilders and Yantra India are expanding defence manufacturing capabilities. Five brownfield projects will involve investments exceeding three thousand three hundred crore rupees. These initiatives aim to boost warship construction and commercial vessel repair capacities. New facilities will incorporate advanced technologies and reduce import dependence. The expansion reflects growing confidence in West Bengal's industrial ecosystem.
'Bengal must now become a prime destination for investment': Suvendu Adhikari on ₹3,500 crore defence projects
West Bengal Chief Minister Suvendu Adhikari on Sunday said Bengal must emerge as a major investment destination as he highlighted the state's cooperation with the Centre in defence, infrastructure and industrial development. His remarks came as Defence Minister Rajnath Singh and Adhikari virtually performed the Bhumi Pujan for five GRSE and Yantra India Limited expansion projects worth around ₹3,500 crore.
India poised to become global shipbuilding hub: Defence Minister Rajnath Singh
India is set to become a global shipbuilding hub, addressing a market vacuum. The nation will focus on design, manufacturing, and MRO services for growth. This strategic move aims to leverage declining capacity in traditional shipbuilding nations. Expansion projects at GRSE and YIL will bolster indigenous capabilities significantly. India's growing naval strength and maritime security needs will be supported.
Defence Minister Rajnath Singh lays foundation for 5 expansion projects of GRSE, Yantra India
During a virtual event, Defence Minister Rajnath Singh inaugurated five noteworthy expansion projects, collectively valued at nearly Rs 3,500 crore, aimed at fostering industrial advancement in West Bengal. The initiative will see Garden Reach Shipbuilders and Engineers scale up their operations, alongside the introduction of two additional facilities for Yantra India Ltd. These projects are expected to deliver significant employment opportunities and bolster support for supporting industries throughout the region.
Defence ministry backs major shipbuilding, manufacturing expansion in West Bengal
Defence Minister Rajnath Singh inaugurated five expansion projects for GRSE and YIL. These initiatives aim to significantly boost shipbuilding and defence manufacturing capabilities in West Bengal. GRSE will develop three riverside sites along the Hooghly river for shipbuilding and repairs. YIL's Metal and Steel Factory will enhance indigenous metallurgical output with new forging presses.
Anti-submarine warfare vessel INS Mangrol delivered to Indian Navy by Cochin Shipyard Limited
Cochin Shipyard delivered the INS Mangrol anti-submarine warfare craft to the Indian Navy. This naval craft is built with over eighty percent indigenous parts. It is equipped for underwater surveillance and anti-submarine warfare operations. The vessel also possesses mine warfare capabilities and low-intensity maritime operations. Propulsion comes from water jets, and it carries torpedoes and rockets.
Flying Wedge Defence unveils FWD Supreme Lite touted as India’s first AI-fighter jet
Defence startup Flying Wedge Defence & Aerospace has unveiled its FWD Supreme Lite flight demonstrator as it moves its AI-piloted fighter programme from digital design towards physical testing. The 250-kg-class aircraft is undergoing ground tests and is targeting a first flight in Q3 2026. FWDA says the Supreme family is built around its Mobbing Doctrine and includes RATO as a capability under exploration.
Defence stocks fire up! Paras Defence, GRSE, other stocks jump up to 10% as govt notifies 6th indigenisation list
Defence stocks surged up to 10% after the Defence Ministry unveiled its sixth Positive Indigenisation List covering 405 items with Rs 3,070 crore business potential. The move aims to boost domestic manufacturing, innovation and investment while reducing India’s dependence on defence imports.
From dairy machines to AI factory: L&T is future-proofing its empire
Larsen & Toubro is entering a new phase of diversification, using its engineering, infrastructure and financial strength to build technology-led businesses. The recently-won Rs 15,000 crore AI factory contract is part of a broader strategy spanning electronics, semiconductors, green hydrogen, battery storage, defence technology and potentially rare-earth magnets, as L&T seeks to evolve from project execution towards technology ownership.
Defence stocks: Time to change strategy? 18 stocks with downside and upside potential from minus 26% to plus 26%
When a stock remains in the red for several months, investors naturally begin questioning the investment. Imagine a shipbuilder remaining weak even as the Nifty recovers. The temptation is to sell it and move into whichever defence stock is performing well at that moment. Yet, the shipbuilder may still have a strong order book and could deliver once execution accelerates. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
GRSE bags Rs 1,032 crore contract from ONGC to build four offshore support vessels
Garden Reach Shipbuilders secured a significant Rs 1,032 crore contract from ONGC. This agreement involves the construction of four advanced Platform Supply Vessels. These vessels will feature a hybrid propulsion system and advanced battery technology. The project diversifies GRSE's portfolio into the commercial offshore vessel segment. This initiative will bolster India's indigenous shipbuilding and offshore energy infrastructure capabilities.
Defence stocks rally on strong order books and rising exports: Are they still worth buying?
Order books, exports and government spending driving the sector, but valuations are no longer cheap. Nuvama argues that the industry is now moving into its next phase of development. The initial focus was on building domestic manufacturing capabilities and reducing import dependence. The next phase is expected to be characterised by large-scale deployment of advanced indigenous systems across the armed forces.
India doubles down on strategic manufacturing--from semiconductors to hydrogen trains: Finmin Report
India is accelerating a broad-based industrial strategy that spans semiconductors, electronics, commercial space, green mobility, rare earths, shipbuilding and coal gasification, signalling a coordinated push to reduce import dependence, strengthen domestic manufacturing and build resilient supply chains amid an increasingly uncertain global environment.
Future wars cannot be fought by individual services: Air Chief Marshal A P Singh
To navigate the complexities of future conflicts, military services must work cohesively for the nation to thrive. The Indian Air Force's commitment to self-reliance in aviation is key to its effectiveness and progress. Maintaining secure maritime routes is indispensable for India's trade and growth. The advancement in indigenous shipbuilding highlights important developments in self-sufficiency, and it's crucial to advance technology to stay competitive in contemporary warfare.
Indian Navy commissions three indigenously built warships: Dunagiri, Sanshodhak, and Agray
India's naval might has been significantly bolstered with the commissioning of three indigenously built warships in Kolkata. Prime Minister Narendra Modi presided over the ceremony for the Dunagiri, Sanshodhak, and Agray. These vessels, featuring advanced capabilities in combat, hydrographic surveying, and anti-submarine warfare, underscore India's growing self-reliance in shipbuilding, with over 75 percent indigenous content.
Anti-submarine warfare shallow water craft 'Anjadip' delivered to Navy
The Indian Navy received the third Anti-Submarine Warfare Shallow Water Craft, 'Anjadip', marking a significant step in indigenous shipbuilding. This vessel, built by GRSE, is designed for effective underwater threat detection and engagement, bolstering the Navy's capabilities and reflecting India's commitment to self-reliance in defence manufacturing.
India has potential to become global hub for shipbuilding: Rajnath Singh
Defence Minister Rajnath Singh has invited global defence companies to India. He highlighted India's strong shipbuilding capabilities and its potential to become a global hub. Singh urged partners to co-develop advanced maritime technologies. India aims to build not just ships but also trust and partnerships. This initiative will shape an innovative and secure maritime future for the world.
Indian Navy's newest guided missile destroyer Imphal hits 'bulls eye'
INS Imphal, the third in the Visakhapatnam-class stealth-guided missile destroyers, signifies 'Aatmanibharta' and showcases India's naval prowess. Designed by the Warship Design Bureau and built by Mazagon Dock Shipbuilders, Imphal stands as a testament to indigenous shipbuilding and technological advancement. The destroyer, equipped with cutting-edge weapons and sensors, reflects a significant achievement for the Indian Navy.
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