Archive · 5 Jan 2026
Indian Navy's 200-ship goal drives maritime capex boom
The Indian Navy wants to have 175 to 200 warships by 2035, which is a big increase from the 132 ships they have now.
To do this, the government is spending a lot of money on building ships and improving ports.
Three companies that are helping with this are Krishna Defence, Dredging Corporation of India, and Cemindia Projects.
Krishna Defence makes special parts for ships, Dredging Corporation keeps ports clean by removing silt, and Cemindia builds things like ship lifts and dry docks.
The government's plan is to make India one of the best countries for building and repairing ships.
Indian Navy aims to expand its fleet to 175–200 warships by 2035, up from the current 132 vessels.
The government's maritime capex cycle is supported by policies and a strong execution pipeline, with mega shipbuilding orders of nearly ₹2.35 lakh crore expected in FY26-27.
Krishna Defence specializes in high-precision components for defence and dairy sectors, with 92% of its revenue coming from the defence segment in H1FY26.
Dredging Corporation of India has an 89.6% market share in maintenance dredging and is modernizing its fleet with new vessels.
Cemindia Projects, now part of the Adani Group, is involved in building maritime and defence-related infrastructure, with a significant order book in the maritime segment.
- Who
- Indian Navy, Krishna Defence & Allied Industries, Dredging Corporation of India, Cemindia Projects
- What
- Expansion of Indian Navy's fleet and related maritime infrastructure development
- When
- Target fleet size by 2035, with significant orders expected in FY26-27
- Where
- India, with a focus on domestic shipbuilding and maritime infrastructure
- Why
- To position India among the top five shipbuilding nations and a global ship-repair hub
- Indian Navy's target fleet size
- 175–200 warships by 2035
- Current fleet size
- 132 vessels
- Current orders
- 68 warships and vessels valued at around ₹2 lakh crore
- Expected mega shipbuilding orders
- Nearly ₹2.35 lakh crore in FY26-27
- Krishna Defence's defence revenue contribution
- 92% in H1FY26
- Dredging Corporation's market share in maintenance dredging
- 89.6% among major Indian ports
- Cemindia's maritime segment order book
- ₹6,715 crore (32.5% of total order book as of H1FY26)