Article

India's maritime expansion, aimed at achieving a fleet of 175-200 warships by 2035, is spurring a ₹2.35 lakh crore capital expenditure cycle, with the Indian Navy currently having 68 warships on order. Key beneficiaries include Krishna Defence & Allied Industries, which is expanding into Autonomous Underwater Vehicles, Dredging Corporation of India, focused on fleet modernization, and Cemindia Projects, involved in defense infrastructure construction. These companies are well-positioned to capitalize on the strategic maritime initiatives and investments.