These are against old orders which are under different stages of construction at Mazgaon Dock & Garden reach ship builders, which means that these shipping companies would book under revenues during next 12.months.
https://idrw.org/indian-navy-set-to-receive-12-warships-over-the-next-12-months/
After successful Induction of Warships into Indian Navy under project 17, Project 17 A under implementation and very recent order of Rs70,000 crore for 7 warships under project 17B on Mazgaon Dock and Garden reach, the order book for both Warships making companies remains full for next 6-8 years.
Now as per latest news published by Indian Defence research wing, Navy is now seems to be preparing for more advanced submarines under a new project code named project 18. (refer 1st link).
In a recent article published by NDTV which compares military hardware India vs China ( Army , Navy , Airforce ), India is way far lagging behind than China in all fronts and more so in Naval power and Airforce ( refer 2nd link )
China is having significant presence in Indian Ocean. Recently, when one Indian warship docked at a Srilanka port , 3 Chinese warships docked at the same port at the same time. This speaks a lot.
Post 1962 Indo-China war, the relationship between both the nations continues to remain tense since then with multiple mini wars at multiple Border locations.
India’s relationship with Pakistan also remains tense. India is also wary of growing relationships between China and Pakistan and China- Pakistan economic corridor that runs close to Indian border.
https://idrw.org/indian-navy-to-seek-dac-approvals-to-build-8-10-advanced-project-18-destroyers/
Discl: Remain fully invested from lower level in a basket of defence stocks. I may be biased. please do your own assessment before investment.
https://idrw.org/india-to-spend-31-6-billion-for-25-new-submarines/
You may please refer the post as copied below as to why India should augment it’s Naval prowess.
P75i Submarine deal - What is so special about P75i submarine deal ?
The P-75I project aims to build six advanced submarines with Air Independent Propulsion (AIP) technology, which allows the submarines to stay underwater for longer periods of time for at least 2 weeks . The cost of the project is INR 43000 crore. During the implementation stage of project 75i, MDL would absorb the technology from its foreign partner and then follows project 76 in which 12 more next generation submarines would be built indigenously for which MDL would be well placed on its own without foreign collaboration / partners.
After extensive field trial in Spain and Germany shipyards, Mazagon Dock Shipbuilders Limited (MDL), and the German naval giant, ThyssenKrupp Marine Systems of Germany (TKMS) are front runners to manufacture the advanced diesel-electric submarines with Air independent propulsion system in India. (AIP)
The other bidder was Navantia of Spain in collaboration with L&T.
During an extensive field trial evaluation process, while the Germans proved their AIP on board a submarine, the Spanish could not because their first submarine with AIP will likely be operational only sometime in 2026.
What is BHASKAR?
BHASKAR serves as a unified, one-stop platform designed to simplify and organize India’s vast and rapidly growing startup ecosystem. By offering a centralized and structured database, it allows startups to register and easily access a wealth of resources, including investors, mentorship, and government schemes. The platform streamlines processes by providing stakeholders with direct communication channels, enhancing collaboration. Entrepreneurs, investors, and mentors benefit from a digital framework that supports seamless interaction, ensuring that startups can grow and thrive in a more organized, transparent, and efficient environment.
Why does BHASKAR matters?
India’s startup ecosystem is vast but fragmented. Startups often struggle with visibility, investor connections, and government support. BHASKAR addresses these challenges head-on by offering:
With over 1,46,000 startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT), BHASKAR is poised to organize this massive pool into a cohesive network. By integrating resources, fostering connections, and ensuring visibility, BHASKAR is expected to accelerate the growth of startups across various sectors.
BHASKAR is well-positioned to arrange this enormous pool of entrepreneurs into a coherent network, with over 1,46,000 registered with the Department for Promotion of Industry and Internal Trade (DPIIT). BHASKAR is anticipated to expedite the expansion of startups in diverse industries by means of consolidating resources, cultivating relationships, and guaranteeing visibility.
This platform marks a significant step by the Government as it would promote innovation, entrepreneurship and also assist in job creation. This will also act as a central hub for all the concerned participants.
Sectors that stand to benefit from this.
By enabling smoother connections, BHASKAR will provide an immediate boost to these and other sectors by simplifying access to funding, mentorship, and networking.
Conclusion
BHASKAR represents a major leap in India’s startup revolution. This will play a critical role in enhancing the country’s global standing in entrepreneurship. As India continues to innovate, BHASKAR ensures that the startup ecosystem becomes more interconnected, efficient, and impactful.
India’s startup scene is just getting started, and BHASKAR is here to ensure it stays on the fast track to success.
Share your views about this.
Now ,There is going to be fire in belly of PSU’s to perform or perish. Recently, there is a policy change with respect to PSU functioning and performance monitoring. The finance ministry would monitor each and every PSU for accountability for its performance and upgrade or down grade a PSU. The grading is in to 4 buckets- A,B,C,D- A is highest and D is lowest. The salary of the board members would depend upon some qualitative and quantitative parameters such as Revenue / execution of orders, profit before tax, Share price in the market , capacity addition and winning competitive orders.
The classification of PSU Maharatna , Nava ratna , Mini Ratna would still continue which would give them financial power to invest , add capacity and decision making ability. This means that even a Maharatna or Navratns company can be downgraded.
This article indicates that all these 7+1 are being delivered by Mazgaon Dock and Garden research sip builders under Atma Nirbhar Bharat except one.
So both these companies may book revenues during next 4 months.
https://idrw.org/seven-warships-and-one-submarine-set-to-join-indian-navy-by-end-of-2024/
Discl : I continue to Remain invested in shipping defence stocks from lower level. not a buy /sell recommendation. Please do your own assessment before trading / investing
TKMS - Mazgaon Dock is the front runner for the project 75I after succesful trial in Spain and Germany.
Edit 11th October
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As of March 2024, the order book of HAL stood at Rs 94000 Crore. In sept ,2024, it had received Rs 26000 crore order for 240 Jet Engines for SU30 MKI to be made at HAL koraput, odisha.
Now , 12 fighter jets SU30 MKI to be made at its Nasik plant value at Rs 13000 crore.
