Mazagon Dock share price gains on bagging Rs 1,486 crore contract from ONGC

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Mazagon Dock share price gains on bagging Rs 1,486 crore contract from ONGC - Business Standard

Quick Summary:

The uptick in Mazagon Dock Shipbuilders share price came after the company announced that it has been awarded a contract from Oil and Natural Gas Corporation (ONGC) worth Rs 1,486.40 crore.

Since 1960, the company has launched 801 vessels, including a diverse range of warships, submarines, cargo and passenger ships, and offshore platforms.

The company operates several shipbuilding facilities, including the North Yard, South Yard, Nhava Yard, and Anik Yard, with a specialised Submarine Construction Yard at the East Yard.