Mazagon Dock Shipbuilders Ltd (MDL) has bagged a ₹1,990 crore contract from the Defence Ministry to construct Air Independent Propulsion (AIP) plugs for submarines. This move is a significant boost to India’s self-reliance in defense technology under the ‘Aatmanirbhar Bharat’ initiative.
Key Highlights
- 🛠 Major Project: AIP tech, developed indigenously by DRDO, will enhance submarine endurance.
- 🤝 Collaborative Effort: Integration of Electronic Heavy Weight Torpedoes (EHWT) in Kalvari-Class submarines, worth ₹877 crore, signed with Naval Group (France).
- 📈 Stock Watch: Despite closing 1.84% lower at ₹2,266.25, MDL stock has surged 98.46% in 2024.
- 🔄 Stock Split Alert: Shares turned ex-stock split in a 2:1 ratio on Dec 27.
- 📊 Performance Metrics: RSI at 44.80; P/E ratio 18.46; RoE 37.77%.
This project is set to create 3 lakh+ employment days and significantly augment the Indian Navy’s capabilities.
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