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 […]
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 […]
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 […]
Cochin Shipyard Limited approved the formation of a joint venture with HBL Engineering Limited focused on electric mobility and energy storage solutions for the marine sector, alongside plans to acquire a minority stake in Netherlands-based ship design firm Conoship International Holding B.V., as part of a broader push to expand technology capabilities and overseas presence. […]
Garden Reach Shipbuilders & Engineers Limited has signed a memorandum of understanding with K2 Cranes & Components Private Limited for the design, development and manufacture of marine, defence and shipyard cranes and associated equipment. The MoU covers collaboration on cranes and related equipment intended for use in marine, defence and shipyard applications. The arrangement is […]
Ashok Khade, Chairman of DAS Offshore Engineering Private Limited, has been awarded the Padma Shri under the Trade and Industry category for his contributions to India’s engineering and offshore fabrication sector. Khade began his professional career at Mazagon Dock Shipbuilders, where he worked in ship repair and fabrication and developed technical expertise in marine and […]
Swan Defence and Heavy Industries Limited announced on 23 January 2026 that it has secured a USD 227 million contract to construct six IMO Type II chemical tankers at its shipyard in Pipavav, Gujarat. The order marks the company’s first newbuild contract following the revival of the shipyard and represents one of the largest single […]
Krishna Defence and Allied Industries Limited has executed a joint venture agreement with Netherlands-based VABO Composites B.V. to form a new joint venture company in India focused on manufacturing composite solutions for the defence and maritime sectors. The agreement follows an earlier memorandum of understanding announced in July 2024. The joint venture entity will be […]
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 […]
