Mazagon Dock Shipbuilders Limited and Garden Reach Shipbuilders & Engineers Limited are in the spotlight today following India’s strategic defense initiatives. The Indian government has announced plans to build two nuclear-powered submarines and purchase 31 US-made long-range drones at an estimated cost of USD 4.2 billion. These moves underscore India’s growing emphasis on strengthening its defense capabilities.
Mazagon Dock, known for its expertise in shipbuilding and defense vessels, stands to benefit from the government’s decision to boost naval infrastructure, while Garden Reach Shipbuilders, another key player in the defense shipbuilding sector, is similarly positioned to capitalize on the new defense deals. The announcement has placed both companies in focus, attracting attention from investors looking to gain exposure to India’s expanding defense sector.
