The government has announced a major revamp of its financial assistance policy, including the creation of a ₹25,000 crore Maritime Development Fund. With 49% government contribution, this initiative aims to strengthen India’s shipbuilding sector and enhance its global competitiveness.
Key shipbuilders like Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers (GRSE), and Cochin Shipyard stand to benefit from the fund. The initiative will drive industrial growth, improve maritime trade, and position India as a prominent global shipbuilding hub.
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Mazagon Dock Shipbuilders
On February 1, 2025, Mazagon Dock Shipbuilders Ltd. opened at ₹2,511.00, down 0.88% from its previous close of ₹2,498.00. The stock reached a high of ₹2,587.90 (4.73%) and a low of ₹2,325.00. By 4:00 PM, it traded at ₹2,379.90, a 4.73% decrease, with a market cap of ₹96,000.41 crore.
Mazagon Dock Shipbuilders Ltd. (NSE: MAZDOCK) is a leading shipbuilding company, specializing in the construction and repair of naval and commercial ships. The company serves the Indian Navy, coast guard, and global maritime markets, with advanced engineering capabilities.
Garden Reach Shipbuilders & Engineers
On February 1, 2025, Garden Reach Shipbuilders & Engineers Ltd. opened at ₹1,640.00, up 0.94% from its previous close of ₹1,624.75. The stock reached a high of ₹1,709.00 (1.95%) and a low of ₹1,560.00. By 4:00 PM, it traded at ₹1,593.00, a 1.95% decrease, with a market cap of ₹18,248.13 crore.
Garden Reach Shipbuilders & Engineers Ltd. (NSE: GRSE), based in Kolkata, is a premier shipbuilding and engineering company. It manufactures a wide range of ships, including warships and submarines, and provides services for the defense and commercial sectors.
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Cochin Shipyard
On February 1, 2025, Cochin Shipyard Ltd. opened at ₹1,553.90, up 1.40% from its previous close of ₹1,532.40. The stock reached a high of ₹1,561.65 (4.33%) and a low of ₹1,454.35. By 4:00 PM, it traded at ₹1,466.05, a 4.33% decrease, with a market cap of ₹38,568.96 crore.
Cochin Shipyard Ltd. (NSE: COCHINSHIP) is a major shipbuilding and repair company in India, focusing on large vessel construction, including tankers, bulk carriers, and offshore platforms. It caters to both domestic and international maritime needs.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
