Indian shipyard stocks chase commercial growth beyond warships

India has companies that build big ships for the navy, the part of the military that protects the sea.

These companies are called shipyards.

Lately, three of these shipyards are also building different kinds of ships.

They are making ships that carry chemicals, ships that can run on a cleaner fuel called ammonia, and tug boats that help big ships park.

Some of these ships are being sold to customers in other countries like Norway and Denmark.

One shipyard, called Swan Defence, was in trouble before but now has many new export orders.

Another shipyard, GRSE, does one quarter of its ship work for non-navy customers.

A third shipyard, Cochin, is fixing and repairing ships to earn extra money.

Building and fixing ships gives these companies more work.

This helps them not depend only on the navy's orders.