India's Mazagon Dock Shipbuilders rises on order win

Mazagon Dock Shipbuilders

31/12/2024 04:13

** Shares of Mazagon Dock Shipbuilders  MAZG.NS  rise as
much as 4.5% to 2,370 rupees
    ** Shipbuilding co gets two contracts from Indian government
worth about 28.67 bln rupees (~$335 mln) 
    ** Orders for building a system to improve endurance of
submarines and to install a new torpedo on submarines to boost
firepower
    ** Stock rises after falling for two consecutive sessions
    ** MAZG extends YTD gains to ~100%

($1 = 85.5700 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))