<h1>Dabhol Shipyard Revived: Steel Cutting Ceremony Marks New Beginning for Former Bharati Defence Facility</h1> A shipyard in Dabhol, Konkan region of Maharashtra has become operational, conducting a steel cutting ceremony on Gudi Padwa. Square Port Shipyard, a subsidiary of Hazoor Multi Projects Limited, secured an order from a UK shipping company. Currently, five vessels are under construction at the facility. A company director noted that India's shipbuilding industry has untapped potential and will benefit from the 2025-26 budget allocation. The shipyard, previously owned by Bharati Defence Infrastructure Limited which became insolvent in 2017-18, aims to contribute to Maharashtra's goal of becoming a $1 trillion economy by 2027.