Keel Laying And Plate Cutting For Fast Patrol Vessels At MDL

09 Apr 2026 CW Team

A keel laying ceremony for Fast Patrol Vessel (FPV) four and a plate cutting ceremony for FPV seven, part of a 14 FPV project, were held at Mazagon Dock Shipbuilders Limited (MDL) in Mumbai on six April 2026. The events marked progress on Yard 16504 and Yard 16507 within a series spanning Yard 16501 to Yard 16514 and were organised by the Ministry of Defence through the Press Information Bureau.

The vessels are being fitted with state-of-the-art machinery, including an artificial intelligence based predictive maintenance system and multipurpose drones, to enhance operational readiness. Indigenous content has been augmented by a gearbox supplied by M/s Triveni, Mysore and water jets provided by M/s MJP India, reflecting a focus on domestic sourcing under national manufacturing initiatives.

The water jet propelled Fast Patrol Vessel is designed for coastal security and law enforcement duties and features a displacement of approximately 340 tonne (t). The propulsion arrangement and onboard systems are intended to permit high manoeuvrability and rapid response for patrol, surveillance and interdiction missions in the near shore environment of the Indian Ocean Region.

Keel laying of FPV four and plate cutting of FPV seven are being pursued in consonance with the vision of Aatmanirbhar Bharat and will augment the Indian Coast Guard's presence across the region. MDL will continue construction under established timelines and the series of 14 vessels is expected to strengthen maritime domain awareness and coastal security.

The construction is aligned with efforts to enhance indigenous shipbuilding capability and to support sustained operational availability through local supply chains. Emphasis on domestic systems is expected to reduce lifecycle costs and to simplify support and maintenance at coastal facilities. Stakeholders view the ongoing series as a means to bolster preparedness and to provide a platform for integrating future enhancements.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..