Latest news with #IntegratedBridgeSystem
Time of India
22-07-2025
- Business
- Time of India
Keel-laying ceremony of first of six next-gen offshore patrol vessels of ICG held in Mumbai
The keel-laying ceremony of the first of the six next-generation offshore patrol vessels that will also feature state-of-the-art machinery and advanced technological systems, including AI-based predictive maintenance systems , was held on Tuesday. This initiative marks a "key milestone" in the Indian Coast Guard 's ongoing efforts to enhance its operational capabilities and bolstering coastal security , officials said. The ceremony for 'Yard 16401' of the ICG was held at Mazagon Dock Shipbuilders Ltd (MDL), Mumbai. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo "With a range of 5,000 nautical miles and measuring 117 metres in length, having a strength of 11 officers and 110 men, the ship will be capable of achieving a maximum speed of 23 knots," a spokesperson of the Indian Coast Guard said. The contract for the construction of six next-generation offshore patrol vessels (NGOPVs) was concluded on December 20, 2023, the ICG said. Live Events "The ship will also feature "state-of-the-art machinery and advanced technological systems, including AI-based predictive maintenance systems, remote piloted drones, Integrated Bridge System (IBS), and Integrated Platform Management System (IPMS)," it said. It is being indigenously designed, developed, and constructed by MDL "under the Buy (Indian-IDDM) category", in line with the the government's vision of 'Atmanirbhar Bharat', the Coast Guard said. IDDM refers to 'Indigenously Designed Developed and Manufactured'. "The project underscores India's commitment to self-reliance in defence production and will significantly contribute to strengthening the nation's strategic autonomy," the ICG said. The addition of new fleet of NGOPVs will further ensure strengthening the ICG's role in safeguarding India's maritime interests, the spokesperson said. The ceremony was attended by senior officials of the ICG and MDL. Besides, on Monday, 'Yard 3034' ('Ajay'), the eighth and last ship of Anti-Submarine Warfare Shallow Water Craft (ASW SWC), indigenously designed and built by Garden Reach Shipbuilders and Engineers (GRSE), was launched at GRSE, Kolkata in the presence of Vice Admiral Kiran Deshmukh, Chief of Materiel (COM). Senior officials from the Indian Navy and GRSE were present at the event. The first ship of the class 'Arnala' was commissioned on June 18 and delivery of the second ship is planned in August, the defence ministry has said The warship will augment the Indian Navy's underwater domain awareness, anti-submarine warfare and mine laying capabilities. The ship is equipped with role defining sensors such as a hull mounted sonar and Low Frequency Variable Depth Sonar (LFVDS), and firepower provided by state-of-the-art Torpedoes, Anti-Submarine Rockets, and NSG-30 Gun. The ship is powered by diesel engines and propelled by waterjets, the ministry said in a statement on Monday.
Mint
17-06-2025
- Business
- Mint
Multibagger small-cap stock jumps 4% after bagging order from Indian Navy. Do you own?
Marine Electricals share price rallied over 4% in early trade on Tuesday after the company received an order from the Indian Navy. The small-cap stock jumped as much as 4.10% to ₹ 232.95 apiece on the NSE. The integrated electrical and automation solutions provider Marine Electricals (India) announced that it has received an order from the Indian Navy for the supply of Integrated Bridge System. The order is worth ₹ 5.71 crore. 'We are pleased to inform you that Marine Electricals (India) Limited has received order amounting to total of ₹ 5.71 crores Excluding Taxes, from Indian Navy Material Organisation for supply of Integrated Bridge System. The delivery of the said goods shall be made over a period of 6 months,' Marine Electricals (India) said in a filing on the National Stock Exchange (NSE). Last week, the company had announced the receipt of multiple orders amounting to a total of ₹ 60.44 crore. Marine Electricals (India) provides integrated electrical and automation solutions and operates through the Marine and Industry segments. The Marine segment provides products and services of navigational equipments etc in new ship building. The Industry segment refers to products and services of power distribution and solutions for industries like data centre, industrial, and large buildings. Marine Electricals share price is listed only on the NSE and not listed on BSE. The small-cap stock has gained 8% in one month, but has dropped 24% in the past six months. On a year-to-date (YTD) basis, Marine Electricals shares have declined 13%, while it has delivered strong returns in the long term. Marine Electricals share price has rallied 57% in one year, and the small-cap stock has delivered multibagger returns of 1,200% over the past five years. At 11:05 AM, Marine Electricals share price was trading 0.06% higher at ₹ 223.90 apiece on the NSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
