Rs 70,000 crore submarine deal: Debt-free defence shipbuilding company commenced negotiations with Indian Navy for Submarine Project P75(I)

DSIJ Intelligence-1 / 11 Sep 2025/ Categories: Multibaggers, Trending

Rs 70,000 crore submarine deal: Debt-free defence shipbuilding company commenced negotiations with Indian Navy for Submarine Project P75(I)

The stock is up by 47 per cent from its 52-week low of Rs 1,917.95 per share and has given multibagger returns of over 1,200 per cent in 3 years.

Mazagon Dock Shipbuilders Limited (MDL) has begun negotiations with the Indian Navy for the Submarine Project P-75(I). The company, which qualified for the next stage of procurement for its bid on January 14, 2025, confirmed that its commercial bid was opened on January 16, 2025. This development follows news reports about a potential Rs 70,000 crore submarine deal with Germany’s Thyssenkrupp.

Earlier, MDL announced its acquisition of a controlling stake, at least 51 per cent equity, in Colombo Dockyard PLC (CDPLC), a Sri Lankan shipbuilding and repair company, for up to USD 52.96 million (Rs 452 crore). This strategic investment, finalised on June 27, 2025, involves a combination of primary and secondary acquisitions, with completion expected within 4-6 months, subject to regulatory approvals. The move aims to bolster MDL's market position, enhance R&D, and expand its global footprint in the shipbuilding and repair sector.

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About the Company

Mazagon Dock Shipbuilders Limited (MDL), a renowned Indian shipyard established in 1774, has a rich history of building a wide range of vessels, including warships, submarines, cargo/passenger ships, and offshore platforms. Having constructed over 800 vessels since 1960, MDL has consistently demonstrated its shipbuilding prowess. In recognition of its significant contributions to India's Defence industry, MDL was conferred the prestigious 'Navratna' status in June 2024, joining the ranks of India's top-performing public sector enterprises. This elevation is a testament to MDL's strong financial performance, consistent track record, and commitment to strengthening India's defence capabilities.

As of March 31, 2025, the company is debt-free. The company has a market cap of over Rs 1,00,000 crore and as of March 31, 2025, the company’s order book stands at Rs 32,260 crore. The stock is up by 47 per cent from its 52-week low of Rs 1,917.95 per share and has given multibagger returns of over 1,200 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.