| Shipbuilding | Design, construction, and delivery of naval and coast guard ships, offshore patrol vessels, fast attack crafts, research and dredger vessels. | Government backing, strategic partnerships, expertise in warship design, and robust order backlog. | Government of India (Navy, Coast Guard), friendly foreign governments; B2G focus. | High-margin defense shipbuilding projects with significant indigenous content. | 4757 | 94 | Primarily contractual shipbuilding orders from Indian government and foreign naval clients, tied to milestone payments. | Fixed-price and milestone-based contract sales with long project timelines. | Increasing defense budgets, Make in India initiatives, export contracts, and indigenous technology adoption. | P17A Frigate, ASW Corvette INS Kamorta, Survey Vessel Large, Next Generation Offshore Patrol Vessels, Fast Patrol Vessels |
| Engineering | Manufacture of modular steel bridges, marine deck equipment, marine pumps, and associated engineering services. | Expertise in indigenization, partnerships with academia and industry, and export credentials. | Defense agencies, Border Roads Organisation, foreign governments; mix of B2G and B2B clients. | High margin on innovative bridge designs and specialized deck machinery. | 150 | 3 | Sale of engineering products and spares, service contracts, and export sales. | Project and order-based sales, with some recurring spares and maintenance revenues. | Infrastructure development, export of bridges, green technology adoption in marine equipment. | Portable Steel Bridges (Bailey Bridges), Deck Machinery including Naval Surface Guns and Marine Valves |
| Engine Division | Assembly, testing, repair, and overhaul of marine propulsion engines and factory acceptance trials. | Authorized MTU partner, indigenous testing capability, and integration with shipbuilding. | Indian Navy, Coast Guard, shipyards; primarily B2G. | Service and overhaul contracts. | 50 | 1 | Engine assembly contracts, service agreements, and testing fees. | Contractual with service and warranty provisions. | Demand for marine propulsion services and indigenization of engine components. | Marine Diesel Engines assembled and overhauled in-house, including MTU engine testing and associated components |
