Mazagon Dock signs Master Ship Repair Agreement with US ahead of G20 meet - Republic World

Mazagon Dock Shipbuilders (MDL), one of India's leading ship and submarine makers, has signed a non-financial agreement with the US Government's NAVSUP Fleet Logistics Center Yokosuka. The agreement is expected to open up voyage repairs of US Navy ships at Mazagon Dock. Ahead of the announcement, MDL's shares surged 9.59% to a record high of Rs 2,087.75. The company's stock has risen by over five-fold in the past year, driven by government initiatives to boost India's self-reliance in defence manufacturing. Mazagon Dock's market capitalisation now stands at Rs 41,000 crore.

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