Mazagon Dock Clarifies News on Shipbuilding Hub Partnerships

Mazagon Dock Shipbuilders Limited has clarified a news report regarding its plans for proposed shipbuilding hubs at Dighi, Maharashtra, and Dugarajapatnam, Andhra Pradesh. The company confirmed that the report, based on an interaction with its Chairman & Managing Director, broadly reflects its initiatives. Mazagon Dock is exploring various possibilities, including potential partnerships, investment opportunities, and financing arrangements for these Greenfield shipbuilding industrial clusters. Specific project structures, investment requirements, and operational aspects are still under consideration and subject to approvals.