Deals23 Jan 2025, 11:57 pm
Mazagon Dock Shipbuilders May Qualify for 70,000 Crore Submarine Project: No Negotiations Yet
AI Summary
Mazagon Dock Shipbuilders Ltd. has clarified a recent news item that appeared in cnbctv18.com on 23.01.2025. The company confirmed that there have been no negotiations with the Indian Navy regarding the P75(I) project. The sequence of events related to the project from the bid submission date includes price bid submission, successful field evaluation trials, opening of commercial bid, and an invitation for the first round of commercial negotiations. The company also confirmed that they are not withholding any information that could explain the movement in trading. The material impact of this article on the company is negligible due to the absence of a firm and binding order.
Key Highlights
- Mazagon Dock Shipbuilders may qualify for a 70,000 crore submarine project
- No negotiations have taken place between Mazagon Dock and the Indian Navy regarding the P75(I) project
- The company has confirmed that they are not withholding any price sensitive information
- The first round of commercial negotiations has been scheduled for 27.01.2025
- There is no material impact on the company due to the absence of a firm and binding order