Latest news with #MazagonDockShipbuildersLimited
Time of India
26-05-2025
- Business
- Time of India
Operation Sindoor: Rajnath Singh lauds defence industry's role in making platforms that proved military preparedness
Defence Minister Rajnath Singh on Monday commended the role of the entire defence industry, including DPSUs , in developing platforms and technologies that demonstrated the preparedness of the Indian armed forces during Operation Sindoor . Heads of eight major DPSUs, including Hindustan Aeronautics Limited , Mazagon Dock Shipbuilders Limited and Bharat Electronics Limited , "presented the cheques for interim dividend on equity shares held by the government for Rs 2,138 crore for the financial year 2024-25", the defence ministry said. Singh received the first interim dividend cheque of Rs 1,197.75 crore for financial year 2024-25 from CMD, Hindustan Aeronautics Limited, D K Sunil in New Delhi. Secretary (Defence Production) in the ministry, Sanjeev Kumar was also present on the occasion. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Crossout 2.0: Supercharged Crossout Play Now Undo Singh held a review meeting with CMDs of the eight Defence Public Sector Undertakings (DPSUs) at South Block here. He commended the role of the entire defence industry, including DPSUs, in developing platforms and technologies that "demonstrated the preparedness of the Indian armed forces during Operation Sindoor", the ministry said in a statement. Live Events The defence minister emphasised that the government, led by Prime Minister Narendra Modi, remains committed to strengthening the defence industrial base and enhancing the competitiveness of the DPSUs. In view of the prevailing geopolitical scenario and the recent developments, Singh directed the DPSUs to enhance their production on latest technologies with more focus on research and development in the emerging fields of modern warfare. During the meeting, the secretary (defence production) presented the growth statistics of the DPSUs highlighting their steadfast performance. "The value of production is poised to be more than Rs 1,40,000 crore for financial year 2024-25, out of which around 78 per cent would be contributed by DPSUs," it said. Singh appreciated the increase in the value of production by DPSUs, however, he exhorted them to focus on timely delivery of products to the armed forces as well as their other customers. He emphasised the role of DPSUs in increasing exports and directed them to increase their focus on better marketing of their products. The defence minister congratulated HAL on getting the Maharatna status and Mazagon Dock Shipbuilders Limited on getting the Navratna status, it said. Other DPSUs whose CMDs also presented cheques include Bharat Dynamics Limited , Mishra Dhatu Nigam Limited (MIDHANI), Garden Reach Shipbuilders and Engineers Limited (GRSE), Goa Shipyard Limited (GSL) and BEML Limited .
Hans India
18-05-2025
- Business
- Hans India
India to showcase Dornier aircraft, Naval ship at Malaysian exhibition
Dornier aircraft and an Indian Naval Ship will be among the highlights of the Indian Pavilion at the 17th edition of Langkawi International Maritime and Aerospace Exhibition (LIMA 2025), being held at Langkawi, Malaysia from May 20 to 24, an official said on Sunday. Minister of State for Defence Sanjay Seth will lead an Indian delegation at the exhibition and inaugurate the country pavilion. Many Defence PSUs, including Mazagon Dock Shipbuilders Limited, Bharat Dynamics Limited, BEML, Hindustan Aeronautics Limited and Gliders India Limited and private defence companies will be participating in the exhibition, showcasing the Indian defence industry prowess. This year, Indian assets, including Dornier aircraft and an Indian Naval Ship, will also participate in LIMA 2025. On the sidelines of the exhibition, Seth will also call on Malaysian Minister of Defence Dato' Seri Mohamed Khaled bin Nordin. The visit will further consolidate the bilateral defence cooperation and the Comprehensive Strategic Partnership. India and Malaysia have a robust and multifaceted relationship which has expanded into several strategic areas, including defence and security. Both the countries are committed to work under the vision of Comprehensive Strategic Partnership established during the visit of the Prime Minister of Malaysia in 2024. LIMA, established in 1991 and held biennially, is regarded as one of the largest and most significant maritime and aerospace exhibitions in the Asia-Pacific region. In a separate development related to the Defence Ministry, Rajesh Kumar Singh, Defence Secretary, concluded his two-day visit to Eastern Naval Command at Visakhapatnam on Friday. During the visit, the Defence Secretary interacted with Vice Admiral Rajesh Pendharkar, Flag Officer Commanding-in-Chief, Eastern Naval Command. He was briefed on the Command's operational capabilities and key activities. He was also provided a detailed overview of ongoing and planned infrastructure development projects on the East Coast that are aimed at further enhancing naval operational and strategic capabilities.
Business Upturn
02-05-2025
- Business
- Business Upturn
Marine Electricals bags Rs 30.50 crore order from Mazagon Dock for MPV project
By Aman Shukla Published on May 2, 2025, 12:26 IST Marine Electricals (India) Limited, a key player in the electrical equipment industry, has recently informed exchanges that the company secured an order worth Rs. 30.50 Crore (excluding taxes) from Mazagon Dock Shipbuilders Limited. This significant order pertains to the supply of electrical equipment and Automated Machinery Control Systems (AMCS) for the MPV (Multi-Purpose Vessel) Project. The contract involves the delivery of electrical equipment and AMCS over a period of 27 months. This extended delivery schedule reflects the complexity and scope of the work required for the MPV Project, underscoring Marine Electricals' capability to manage long-term projects effectively. In the exchange filing, the company shared, 'Marine Electricals (India) Limited has received order amounting to Rs. 30.50Cr (Excluding of Taxes) from Mazagon Dock Shipbuilders Limited for supply of electrical equipment and AMCS for MPV Project the delivery shall be over a period of 27 months.' The company has emphasized that no promoter or promoter group has any interest in this order, ensuring transparency and aligning with good corporate governance practices. The contract is not categorized as a related party transaction, further ensuring clarity and integrity in business dealings. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
India Today
30-04-2025
- Business
- India Today
How India's submarine gap draws concern amidst face-off with Pakistan
Escalating India-Pakistan tensions after the Pahalgam terror attack are resonating in the military muscle-flexing by the nuclear-armed neighbours. Pakistan has been highlighting its air combat readiness by sharing images of the China-acquired JF-17 Block III fighter jets, armed with Chinese long-range PL-15 Beyond Visual Range air-to-air missiles. In response, the Indian Navy has conducted missile test-firings from warships in the Arabian Prime Minister Narendra Modi granting the military 'complete freedom to decide on the mode, targets and timing' of India's response to the Pahalgam attack, the spectre of a cross-border offensive looms. Modi's decision followed his meeting with the Union defence minister, chief of defence staff and three service chiefs on April military strategy increasingly emphasises on balanced focus on land, air and maritime capabilities. However, the navy, while celebrating the recent deal to acquire Rafale Marine jets for aircraft carrier operations, faces growing concerns over its underwater naval strategists, this is a critical area for strategic development. India's fleet of 17 conventional submarines—many of them over 30 years old—and three nuclear-powered submarines (one of them is leased) is considered insufficient to counter the challenges from Pakistan and China. Of these submarines, roughly a fourth are under refit, making them unavailable for immediate operational requirements. Naval sources claim that nine of the 17 submarines have less than 10 years of life remaining, and five will be up for decommissioning before 2031. This even as the Indian Navy has not signed any new contract in the past two decades for acquisition of conventional submarines, the first Scorpene submarine contract being inked in October addition, the long-drawn acquisition processes of the Indian government and long lead time make submarine inductions sporadic. For the navy, the fallout of this could be Indian Navy's expectations of buffing up its submarine fleet were temporarily dashed when the Rs 36,000 crore deal between the state-run Mazagon Dock Shipbuilders Limited (MDL) and French firm Naval Group to procure three additional Scorpene submarines failed to get the green signal from the government in the financial year ending March 31, 2025. Modi had announced the contract for manufacturing three additional Scorpene submarines during his visit to France in July operates six Scorpene submarines; the most recent one, INS Vagsheer, was dedicated to the nation in January this sources claim the new additional Scorpene submarines are to have 60 per cent indigenous material, almost double of the six Scorpene submarines delivered. The three new submarines will be slightly bigger and have improved performance. As per the repeat order, the submarines will come with an upgraded design, including major technologies, such as AIP (air-independent propulsion), developed by the Defence Research and Development Organisation (DRDO). Besides, significant parts will be designed and developed by the Indian current procurement of conventional submarines is in the form of two contracts—the three additional Scorpene class submarines and six under the Project-75 India (P-75I). Official sources claim that of the nine boats, the three additional submarines could be delivered in a short lead time after signing of the contract while the other six will be added to the fleet Pakistan military, meanwhile, has continued to build its maritime capabilities at pace. Last month, China delivered it the second Hangor-class submarine equipped with state-of-the-art weapons and sensors, confirming Beijing's efforts to strengthen the navy of its all-weather ally in order to back its own growing presence in the Arabian Sea and the Indian delivery was part of the eight-submarine deal with Pakistan worth around $5 billion. Pakistan is likely to acquire all eight submarines over the next decade, which arguably puts it ahead of India in underwater warfare capabilities. The deal is in addition to four modern naval frigates that China has supplied to Pakistan in the past few years. This is all part of the Chinese navy's steady expansion in the Arabian Sea, where it is developing the Gwadar port in operates the world's largest and most rapidly expanding navy. Its submarine fleet is projected to reach 65 this year and 80 by the other hand, India's most critical submarine programme, the P-75I, is facing delays. Under the 43,000 crore project, India aims to build six advanced conventional submarines, equipped with better sensors and weapons and AIP, through a joint venture. In early January, MDL and Germany's ThyssenKrupp Marine Systems (TKMS) successfully cleared the technical evaluations conducted by the defence point to probable budgetary constraints as one of the key obstacles. Defence got a Rs 6.81 lakh crore allocation for 2025-26—13.45 per cent of Union Budget 2025. But experts argue that at 1.9 per cent of the Gross Domestic Product (GDP), it remains below the 2.5 per cent threshold required to fully meet India's growing security India's evolving security landscape, marked by border tensions, rising cyber threats and the push for indigenous defence manufacturing, many argue that the current funding lags behind operational and modernisation needs. The allocation is aimed at addressing critical capability gaps through big-ticket acquisitions in the current and subsequent financial years, including niche technology-powered lethal weapons, fighter aircraft, ships, platforms, unmanned aerial vehicles, drones and specialist the pressing need for military modernisation, as emphasised by experts, the defence ministry often struggles to fully utilise its allocated budget. For instance, this February, the ministry returned Rs 12,500 crore from its 2024-25 budget, primarily underutilised funds earmarked for capital core issue lies in the slow and intricate defence procurement process, which frequently causes hampers timely expenditure. Streamlining these procedures could enable the defence ministry to effectively channel resources towards boosting India's military capabilities, aligning with strategic imperatives in a rapidly changing security to India Today Magazine
