Titagarh Rail Systems Limited approved the transfer of its Shipbuilding and Maritime Systems business to its wholly owned subsidiary, Titagarh Naval Systems Limited, through a slump sale arrangement, as part of a restructuring aimed at sharpening its focus on railway systems. The decision was taken at a board meeting held on 31 December 2025, with […]
India has notified operational guidelines for two shipbuilding initiatives—the Shipbuilding Financial Assistance Scheme and the Shipbuilding Development Scheme—aimed at expanding domestic shipbuilding capacity and improving global competitiveness. The combined budgetary outlay for the two schemes stands at INR 447 billion, with validity until 31 March 2036 and an in-principle extension envisaged up to 2047. In […]
Swan Defence and Heavy Industries Limited approved a working capital funding arrangement of up to INR 8 billion and appointed a new company secretary at a board meeting held on 17 December 2025. Swan Defence and Heavy Industries Limited, formerly known as Reliance Naval and Engineering Limited, said its board approved availing financial assistance of […]
Mazagon Dock Shipbuilders Limited has entered into a memorandum of understanding with the Brazilian Navy and the Indian Navy to exchange information related to the maintenance of Scorpène class submarines and other military ships. The agreement, signed on 09 December 2025, covers cooperation on procurement opportunities, exchange of experiences in defence industries, and partnerships in […]
Taural India Private Limited, an integrated aluminium foundry, has supplied aluminium castings to Triveni Engineering & Industries Limited for propulsion gearboxes developed for an Indigenous Patrol Vessels Programme. The company developed and supplied 16 complete sets of castings in under five months. Taural India refined the casting design, optimised component weight, and delivered structurally sound […]
Sagar Defence Engineering, a defence technology firm, inaugurated a new manufacturing plant in Pune on 5 December dedicated to the production of uncrewed surface vehicles (USVs) in partnership with Liquid Robotics, a Boeing company. The facility will support the co-development and co-production of maritime systems intended to strengthen India’s undersea domain awareness. Liquid Robotics’ chief […]
BEML Limited has signed a Memorandum of Understanding with HD Korea Shipbuilding & Offshore Engineering Co. Ltd (KSOE) and HD Hyundai Samho Heavy Industries (HSHI) to jointly design, develop, manufacture, integrate, install, and commission a new generation of maritime and port cranes in India. The agreement was formalised on 05 December 2025 in Bengaluru. The […]
The Indian Navy stated on the eve of Navy Day, observed on 04 December, that 51 large ships are currently under construction across Indian shipyards with an estimated value of about INR 900 billion. The service outlined sustained advances in indigenous shipbuilding, systems development and capital investment that are shaping its transition toward greater self-reliance. […]
Mazagon Dock Shipbuilders Limited outlined a series of upcoming defence manufacturing programmes that are expected to drive production volumes over the next several years. The company is working toward contract finalisation for three additional Scorpene-class submarines under Project 75 and six submarines under Project 75I, supported by an operational capacity that allows up to eleven […]
HD Hyundai Heavy Industries has entered into a strategic partnership with Cochin Shipyard Limited to collaborate on the Indian Navy’s Landing Platform Dock (LPD) programme, marking the South Korean shipbuilder’s formal entry into India’s naval vessel market. The memorandum of understanding (MoU) for the cooperation was signed on 10 November. The agreement seeks to promote […]