Mazagon Dock Shipbuilders Limited — Others, 25-08-2025: News Verification

Mazagon Dock Shipbuilders has clarified a news report concerning potential Rs 70,000 Cr submarine talks. The company confirmed its bid for Project P75(I) was qualified and its commercial bid opened in January 2025. However, MDL explicitly stated that no negotiations have commenced with the Indian Navy or Ministry of Defence since then. The company further emphasized that the news item regarding ongoing talks for a Rs 70,000 Cr submarine deal is factually incorrect. Without a firm, binding order, there is no material impact on the company. This update provides crucial clarity for investors regarding future order prospects.