Mazagon Dock Shipbuilders Ltd: Mumbai’s Mazagon Dock Shipbuilders has obtained a contract worth Rs 1,990 crore to fabricate air-independent propulsion (AIP) plugs for submarines.
Two orders worth Rs 2,867 crore
In a press release issued by the authorities, it was mentioned that the Defense Ministry has signed two contracts worth Rs 2,867 crore. Mazgaon Dock Shipbuilders has obtained the order for development of Air Independent Propulsion (AIP) for considered one of these and its integration on the nation’s submarines. While the second contract worth Rs 877 crore has been signed with Naval Group of France. These DRDO-made Electronic Heavy Weight Torpedoes (EHWT) are to be put in in the second Kalvari-class submarines. Both these contracts had been signed in New Delhi on December 30, 2024 in the presence of Defense Secretary Rajesh Kumar Singh.
With this know-how submarines will turn into extra highly effective
AIP know-how has been created by DRDO. It was mentioned by the authorities that putting in AIP plugs in submarines will enhance their power and their development in the nation can even contribute to the initiative of self-reliant India. This challenge will present employment to about three lakh individuals. Whereas integration of EHWT in submarines will be a joint effort of DRDO, Indian Navy and France. This will enhance the assault functionality of Kalvari-class submarines of the Indian Navy.
This is the situation of the share market
If we speak about the share market, shares of Mazagon Dock Shipbuilders closed at Rs 2,266.25 in the present day with a decline of 1.84 %. Closing of Mazagon Dock Shipbuilders inventory at this value in the first buying and selling session of the final week of the yr represents a acquire of 98.46 % this yr. Earlier on Friday, the company had introduced inventory cut up in the ratio of two:1. The company’s inventory traded decrease than 5-day, 10-day, 20-day, 30-day transferring averages, whereas greater than 0-day, 100-day, 150-day and 200-day easy transferring averages (SMA). Did enterprise.
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