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India aiming at USD 250 billion maritime economy by 2024: Defence Secretary
India's exclusive economic zone in the seas along its 7,500-kilometre coastline comprises over 2 million square kilometres, Defence Secretary Ajay Kumar said. "With a target of becoming a USD 5 trillion economy by 2024, we are looking at over USD 250 billion coming from the maritime zone."
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Mazagon Dock gets Sebi go-ahead to float IPO
The public sector undertaking had filed draft papers with the Sebi in August seeking clearance.
MDL is our natural partner for submarine project: Naval Group
French firm Naval Group has termed the state-owned Mazagon Dock Shipbuilders Limited (MDL) its natural partner for the Rs 45,000-crore submarine project of the Indian Navy citing the joint production of Scorpeneclass submarines. MDL chairman, RK Shrawat, described France as a strategic partner of India.
Indian Navy, Ministry of Defence in a tussle over Rs 45,000-cr submarine project
At the centre of the controversy is the Rs 45,000-cr submarine contest for the Navy—referred to as P 75I—that will see the winning Indian entity producing six submarines domestically with a foreign technology partner. The contract is being processed under the ‘strategic partnership model’.
GRSE lays keel of the first large survey vessel
These vessels are 110m long with deep displacement of 3300 tonne and can accommodate 231 personnel. The vessel will have a cruising speed of 16 knots. The hull form of these new generations Survey Vessel also meets the stringent seakeeping and manoeuvring requirements including helicopter operations at high sea states.
GRSE Q2 profit jumps fourfold to Rs 59 crore
Revenue from operation was at Rs 439 crore during the quarter under review as against Rs 217.7 crore.
Indian Navy committed to enhance cooperation with like-minded navies: Admiral Singh
Navy Chief Admiral Karambir Singh elucidated Navy's commitment to maritime cooperation through constructive engagement, collaborative effort, capacity building, capability enhancement. He also reaffirmed the role of PM Modi's SAGAR framework.
Pradhan seeks investments from Japanese Nippon, Daido Steel
Pradhan discussed with Daido Steel's officials ways to further strengthen cooperation through technology transfer and sharing of best practices to make the local steel industry more cost-effective, an official statement said.
Russia, India eying prospects for joint shipbuilding venture: Putin
"They (ships) will be partially built by us and partially fine-tuned by India's shipyards," the Russian president said.
Modi in Russia: PM visits ship-building complex along with President Putin
Prime Minister Narendra Modi visited Zvezda shipbuilding complex along with Russian President Vladimir Putin on Wednesday and interacted wit...
PM Modi visits Zvezda shipbuilding complex with President Putin
In future, the ships will be used to deliver Russian oil and liquefied natural gas to world markets including India, said Russian President Vladimir Putin.
ICGS Varaha is 51st offshore patrol vessel built by L&T
Larsen and Toubro Shipyard Ltd here had been mandated by the Ministry of Defence for design and construction of seven offshore patrol vessels (OPVs) in 2014.
CK Narayan’s 2 trading calls for next week
I do not think the trend reversal at the end of September, is in any danger of being reversed.
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