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 natural gas major ONGC on a turnkey basis. The stock gained by as much as Rs 110.8, or 5.4 per cent, to Rs 2,166.9 apiece in early deals on BSE. 

According to a regulatory filing post-market hours on Friday, the deal involves the replacement of parts and the laying of 44.4 kilometers of subsea pipelines in 19 segments. 

The Rs 1,145-crore order, including taxes and duties, will be executed till May 15, 2024, Mazagon Dock Shipbuilders said. 

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