March 14, 2026
India’s Shipbuilding Financial Assistance Policy (SBFAP) has provided in-principle approval to 288 shipbuilding contracts covering 456 vessels, with a combined contract value of INR 197.48 billion. The approvals span a range of vessel types and are aimed at supporting domestic shipyard activity. In an official statement, the Ministry of Ports, Shipping and Waterways said the […]
March 13, 2026
SHM Group has developed a lifeboat designed and manufactured in India that has received certification from the Indian Register of Shipping (IRS) on behalf of the Directorate General of Shipping. The system is intended for emergency evacuation on ships and offshore installations. The lifeboat was developed in collaboration with Palfinger Marine, an Austria-based maritime equipment […]
March 13, 2026
Sagar Defence Engineering Private Limited began construction of an Autonomous Maritime Shipbuilding and Systems Development Centre at Juvvaladinne Fishing Harbour in SPSR Nellore district, Andhra Pradesh. The facility will support the development and manufacturing of unmanned and autonomous maritime systems and is expected to begin trial production in October 2026, with commercial operations scheduled for […]
March 6, 2026
Kalyani Strategic Systems Limited (KSSL) and Garden Reach Shipbuilders & Engineers Ltd. (GRSE) signed a memorandum of understanding on 05 March 2026 in Kolkata to collaborate on marine engineering systems for naval and commercial shipbuilding. The agreement covers areas including propulsion systems, steering gear, and integrated platform management systems. The collaboration aims to strengthen shipbuilding […]
February 24, 2026
Swan Defence and Heavy Industries Limited will complete five offshore support vessels (OSVs) for San Maritime India Pvt. Ltd. at its shipyard in Pipavav, Gujarat. San Maritime has begun docking the vessels at the facility for completion under Indian Register of Shipping (IR) Class to serve offshore industry requirements. The hulls were acquired by Swan […]
February 21, 2026
Krishna Defence and Allied Industries Limited reported an order book of INR 1,423 million as of 31 December 2026 and outlined expansion plans across autonomous underwater vehicles, composite manufacturing and defence electronics. The company also completed its migration to the main board of the National Stock Exchange of India, marking a shift from the NSE […]
February 15, 2026
Marine Jet Power (MJP) India inaugurated a waterjet production and testing facility in Goa on 13 February 2026. The facility was inaugurated by Director General of the Indian Coast Guard (ICG) Paramesh Sivamani and has been established under a Manufacturing and Transfer of Technology framework. The facility enables domestic production and indigenous testing of waterjet […]
February 9, 2026
Garden Reach Shipbuilders & Engineers Limited has entered into a memorandum of understanding with Hindustan Shipyard Limited to form a consortium to bid for a shipbuilding tender issued by the Shipping Corporation of India Limited. The agreement is intended to enable the two public sector shipyards to jointly submit a bid in line with the […]
February 5, 2026
Swan Defence and Heavy Industries Limited has secured a defence export order from the Government of the Sultanate of Oman to supply a naval training ship for the Royal Navy of Oman. The vessel is intended to support advanced naval training and maritime operations, with delivery expected within 18 months. The contract involves the construction […]
February 5, 2026
Swan Defence and Heavy Industries Limited approved a long-term refinancing facility and reviewed its financial performance for the quarter and nine months ended 31 December 2025 at a board meeting held on 4 February 2026. The board also approved the constitution of a risk management committee. The board approved the availing of a rupee term […]
