Mazagon Dock zooms after shipbuilder wins Rs 1,145-crore deal from ONGC

Mazagon Dock Shipbuilders (MAZDOCK) shares zoomed on Monday after the state-run shipbuilder bagged a Rs 1,145-crore order from state-run pure gasoline main ONGC on a turnkey foundation. The inventory gained by as a lot as Rs 110.8, or 5.4 per cent, to Rs 2,166.9 apiece in early offers on BSE. 

In line with a regulatory submitting post-market hours on Friday, the deal entails the substitute of components and the laying of 44.4 kilometers of subsea pipelines in 19 segments. 

The Rs 1,145-crore order, together with taxes and duties, will probably be executed until Might 15, 2024, Mazagon Dock Shipbuilders stated. 

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