Clarification25 Aug 2025, 05:21 pm
Mazagon Dock Shipbuilders Denies Rs 70,000-cr Submarine Talks with Germany's Thyssenkrupp
AI Summary
Mazagon Dock Shipbuilders Ltd has submitted a clarification regarding a news article appeared on Moneycontrol dated 25 August 2025. The company denied the news of any negotiations with Germany's Thyssenkrupp for a Rs 70,000-cr submarine project. The company confirmed that they were informed about the qualification of their bid for Project P75(I) on 14 January 2025, but no negotiations have been started with the Ministry of Defense since then. The company also stated that they are not aware of any undisclosed information that could explain the recent movement in the trading. There are no regulatory or legal proceedings to report.
Key Highlights
- Mazagon Dock Shipbuilders denied the news of Rs 70,000-cr submarine talks with Germany's Thyssenkrupp
- The company confirmed that they were informed about the qualification of their bid for Project P75(I) on 14 January 2025
- No negotiations have been started with the Ministry of Defense since then
- The company is not aware of any undisclosed information that could explain the recent movement in the trading
- There are no regulatory or legal proceedings to report