Shipbuilding Sector

India and Russia are looking at a plan to jointly build Arctic-class ships, with the proposal expected to move forward during President Vladimir Putin's visit to New Delhi from December 4-5

Under the brownfield expansion programme of the scheme, existing shipyards can avail assistance of 25 per cent of the capital expenditure undertaken

Guidelines to steer next phase of India's maritime ambitions

Minister Sarbananda Sonowal says ports will anchor India's green hydrogen drive as MoUs worth over Rs 87,000 crore boost maritime and port-led energy investments

Sonowal said that in the past 11 years, India's port capacity has doubled from 1,350 million tonnes per annum (MTPA) to 2,700 MTPA

With nearly ₹70,000 cr in incentives, India eyes a bigger slice of the $150 bn global shipbuilding market

Almost 90% of global cargo moves through the oceans with China, South Korea and Japan dominating the ship building industry aided by considerable support from their governments

The NBFC will tap into the MDF - one of the three pillars of the Rs 69,725 crore shipbuilding package - which was created as a financial umbrella for various areas

Artificial intelligence (AI) is another game-changer, used to optimise ship design, predict maintenance needs, and streamline production schedules

Garden Reach Shipbuilders, Mazagaon Dock Shipbuilders, and Cochin Shipyard rallied up to 4 per cent today. Their share prices have jumped up to 68 per cent in 2025

Union minister Shantanu Thakur on Monday said the government has set a target of securing 5 per cent share of the global shipbuilding market by 2030 and developing 10 world-class shipyards with the support of public-private partnerships and international collaborations. India is moving towards becoming a global hub for sustainable shipbuilding, backed by policy reforms, technological innovation and strong industry-government collaboration, Thakur said, addressing via video conference the CII Conference in Goa on 'India's Shipbuilding Roadmap towards Maritime Amrit Kal Vision 2047'. "Shipbuilding is more than just an industry - it is a symbol of national strength and self-reliance. Our vision is to make India not just a participant, but a leader in sustainable shipbuilding, contributing to green growth, blue economy, and Atmanirbhar Bharat," the Minister of State for Ports, Shipping and Waterways said. "Our shipyard modernisation programme is ambitious yet achievable. We are targetin

Trump called on foreign companies to bring skilled experts to train Americans in semiconductors, shipbuilding and high-tech machinery, assuring investors of legal support for skilled migration

The Minister of State for Ports, Shipping and Waterways was speaking at the opening day of the 14th edition of the INMEX SMM India, hosted here by Informa Markets

The ₹20,000 crore shipbuilding cluster programme aims to enable a shipbuilding ecosystem in India by fiscal and policy support measures

India will be world's no.1 economy by 2047, says Sarbananda Sonowal, citing port expansion, shipbuilding push, ₹11.2 trillion capex, and new maritime laws at BS Infra Summit

Antique Stock Broking said it expects Cochin Shipyard's revenue growth to slow in the coming quarters due to a stagnant order book

Mazagon Dock shares fell 5 per cent after it reported a 35 per cent drop in its net profit during the first quarter of the current financial year

Garden Reach Shipbuilders & Engineers' shares rose 5% as the company continued signing strategic agreements with multinational companies

Garden Reach Shipbuilders & Engineers (GRSE) shares hit a new high of ₹3,464.85, as they rallied 10 per cent on the BSE in Wednesday's intra-day trade amid heavy volumes.

GRSE share price: In the past three weeks, the stock price of the state-owned shipbuilding company has surged 71 per cent after it reported strong earnings for the quarter ended March 2025