@sameernics pl go through the investor presentation to understand the kind of boats, their order book to understand the expanding scope of operations. It will be too much to put everything here. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b8ed911f-4015-44a0-a949-4140c0b20e6e.pdf
For basic understanding of dredging- What is Dredging - History, Importance And Effects
As number of ships increases the repair opportunity for them will become huge(one of their business segment). Do’t miss the cheapest labour advantage India will have over next few years to draw business from other countries.
The sand mining contract from Bahrain is a significant achievement. Waste to Wealth is playing in all sectors.
Indian ports are working towards the development of the basic infrastructure such as mechanization and the creation of more berths and deepening of channels, which will offer strong demand for the dredging operations.
The development of greenfield ports would also propel the demand for dredging in India. As per the Ministry of Shipping (MoS), in the next few years, most of the key ports would increase their capacity to accommodate bigger ships. Apart from these, the increasing need for new developments from Navy, offshore exploration, and national waterways, the scope of the Indian dredging industry seems vast. Take cue from the numbers of Mazagon, Cochin Shipyard for the growth in order book.
Something very intersting I learnt from Ray Dalio from his book Principles for the Changing World Order. As we as a country increase our merchandise exports, we will have to have a bigger naval fleet for our SLOCs. https://www.orfonline.org/expert-speak/indias-defence-budget/