Shipbuilding stocks in focus: GRSE, MDL, Cochin Shipyard gain up to 7%

Quick Summary:

The Defence Acquisition Council (DAC) is likely to discuss proposals of mega projects worth around Rs 1.2 trillion for approval in a meeting scheduled for today.

The projects include seven new generation frigates (P-17B) worth around Rs 70,000 crore and 1,700 future ready combat vehicles (FRCV) worth around Rs 50,000 crore.

Furthermore, the indigenisation level of the new generation frigates is expected to be more than 75 per cent.

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Category: BusinessFinance

Markets: India

Topics: Shipbuilding stocks Defence Acquisition Council Share market today Mazagon Dock Shipbuilders share price DAC meeting today Indian Navy Indian Coast Guard Cochin Shipyard Defence stocks GRSE share price Defence Ministry Markets MDL Defence Acquisition COuncil Meeting Ship builder stocks Mazagon Dock share pice Markets today DAC Mazagon Dock Shipbuilders GRSE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 11:25:14 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22341956

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