Stocks to Watch – Mazagon Dock, L&T in line for big Defense order; expert tells why these stocks are his favourate
Big development for Mazagon Dock and Larsen & Toubro (L&T). The Ministry of Defense has given its approval to a proposal given to it by the Indian Navy. The tender for 6 conventional tenders will soon be released. The estimated value of this order is around Rs 43,000 cr. This will be the first project under the Strategic Partnership Policy launched by the government in May 2017
Six submarines will be manufactured under this project and these submarines will be 50 percent bigger than the Scorpene Class Submarine