India's Mazagon Dock Shipbuilders rises on $129 mln order win

Mazagon Dock Shipbuilders

25/01/2024 04:06

** Shares of Mazagon Dock Shipbuilders  MAZG.NS  up 4.1% at
2,420 rupees
    ** Shipbuilding company signed a 10.70 bln rupees ($128.7
million) contract with the acquisition wing of the Ministry of
Defence for construction and delivery of 14 fast patrol vessels
for the Indian Coast Guard 
    ** Stock up for the fourth straight quarter, if trends hold
    ** MAZG posts biggest intraday pct gain since Dec. 26 
  



($1 = 83.1300 Indian rupees)

 (Reporting by Navamya Ganesh Acharya)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))