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.
