Shares of Mazagon Dock Shipbuilders Ltd have surged over by 0.36% as the PSU has signed a partnership with the Tamil Nadu Government to develop a world-class greenfield shipyard on India’s Eastern Coast. This framework is under the Government of India’s Maritime Amrit Kaal Vision 2047.
The MoU has been signed by the Ministry of Defence, with guidance from Tamil Nadu, the state’s nodal agency for investment promotion and facilitation, to explore the development of a world-class greenfield shipyard on India’s eastern coast.
The MoU was formally signed and exchanged between Shri Biju George, Director (Shipbuilding), MDL, and Dr. Darez Ahamed, IAS, Managing Director & CEO, Guidance Tamil Nadu.
Shares of MDL are trading higher by 0.22% at Rs 2,946.10 at BSE. The stock opened today at Rs 2,959.70 and reached an intraday high of Rs 2,995.00. The 52-week high is at Rs 3,775.00.