According to Sarbananda Sonowal, the union ports, shipping and waterways minister The Indian Government is soon expected to set a Rs. 30,000 Crores to support shipbuilding and repair clusters.
It is said to aid the plans of upgrading the ports sector for the next five years, which includes the development of six deep draft ports, two transhipment hubs as well as green and smart ports with an expected capital outlay of Rs. 1.5 Lakh Crore.
He further added that the government is also readying a credit note scheme that will offer incentives to ship owners to scrap old vessels in the country and build replacement ships in domestic shipyards.
Listed below are some of the stocks associated with Shipbuilding, related Infra and Recycling, that you can add to your watchlist
Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders Limited is a Navratna Public sector Undertaking which is one of India’s leading defence sector companies under the aegis of the Ministry of Defence, it is engaged in the construction, repair, and refurbishment of warships and submarines at its dedicated facilities in Mumbai and Nhava.
Its product portfolio consists of Destroyers, Missile Boats, Conventional Submarines Offshore Patrol Vessels, Cargo Vessels, Multipurpose Support Vessel, Tugs, Dredgers, Windmill towers Pontoons, Offshore Platforms, Floating Border Outposts, and many more.
With a market capitalization of Rs. 80,504 Crores, the shares of Mazagon Dock Shipbuilders Limited closed at Rs. 3,991.50 per equity share, down 0.37 percent from its previous day’s close price of Rs. 4,006.20.
Cochin Shipyard
Cochin Shipyard Limited is engaged in the business of shipbuilding, ship servicing/repair, marine engineering, and providing training, strategic, and advanced solutions.Its Product portfolio consists of Indigenous Aircraft Carrier, Patrol Boats and Diving Support Vessels, Anti-Submarine Warfare Corvettes, Tugs and Inland Vessels, and many more.
With a market capitalization of Rs. 34,161 Crores, the shares of Cochin Shipyard Limited closed at Rs. 1,298.50 per equity share, up 0.22 percent from its previous day’s close price of Rs. 1,295.70.
Garden Reach Shipbuilders & Engineers
Garden Reach Shipbuilders Limited is a shipbuilding company catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. It is engaged in the construction, and engineering of commercial vessels and engine production activities. It is primarily engaged in the construction of warships/vessels for the defence sector.
With a market capitalization of Rs. 15,758 Crores, the shares of Garden Reach Shipbuilders & Engineers closed at Rs. 1,375.65 per equity share, down 0.39 percent from its previous day’s close price of Rs. 1,381.05.
Bharat Electronics
Bharat Electronics Limited (BEL) is a Navratna central public sector enterprise that operates in the aerospace and defence sector, it primarily manufactures advanced electronic products for ground and aerospace applications.
Its product portfolio consists of a wide range of systems and technologies designed for modern warfare, surveillance, communication, and electronic warfare like Radar and Sonar Systems, Electronic Warfare (EW) Systems, Missile Systems, Communication Systems, weapon systems, and many more.
With a market capitalization of Rs. 2,05,258 Crores, the shares of Bharat Electronics Limited closed at Rs. 280.80 per equity share, up 1.92 percent from its previous day’s close price of Rs. 275.50.
Marine Electricals (India)
Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information & communication technology solutions, It is engaged in the manufacturing and sale of all types of marine and industrial electrical & electronic components like switchgear, control gears, and many more.
Its business verticals include Defence & Marine Solutions, Industry Solutions, Vessel Traffic Management Systems, and Electric Vehicle Charging Solutions.
With a market capitalization of Rs. 3,105 Crores, the shares of Marine Electricals (India) closed at Rs. 225 per equity share, up 0.25 percent from its previous day’s close price of Rs. 224.54.
VMS Industries
VMS Industries Limited is engaged in the business of shipbreaking(recycling) and trading of Ferrous and Non-Ferrous metals. It constitutes nearly 90 percent of India’s ship-breaking activities and is India’s largest ship-breaking cluster.
With a market capitalization of Rs. 100.68 Crores, the shares of VMS Industries closed at Rs. 41.14 per equity share, up 1.33 percent from its previous day’s close price of Rs. 40.60.
Written by: Bharath K.S
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