BusinessPhoto: Mint MarketsThree Indian Warship Manufacturing Stocks to Watch Amid Defence Growth
India's rising defence spending and push for self-reliance have boosted opportunities for domestic warship manufacturers. Mazagon Dock Shipbuilders (MDL), established in 1774, is a key player, having built destroyers, submarines, and corvettes for the Indian Navy. MDL leads in building Nilgiri-class stealth frigates and has delivered six Kalvari-class submarines between 2017 and 2025. The industry is poised for long-term growth with investments in advanced naval vessels.
Mint Markets··Mumbai


