Mazagon Dock Shipbuilders Ltd. clarifies news regarding submarine manufacturing talks. Negotiations with the Indian Navy/MoD for Project P75(I) have commenced and are ongoing, as previously disclosed on 25.08.2025 and 10.09.2025. The company states it is unaware of any undisclosed information that could explain recent trading activity. No regulatory/legal proceedings are applicable.
Response to News Item
Mazagon Dock Shipbuilders Ltd. has responded to a news item dated 08 January 2026, which referenced potential talks between India and Germany regarding an $8 billion submarine manufacturing deal. The company provided the following clarifications:
Project P75(I) Negotiations
Regarding ongoing negotiations, Mazagon Dock confirms that discussions with the Indian Navy and the Ministry of Defence (MoD) concerning Project P75(I) have already begun and are continuing. This aligns with prior disclosures made on 25.08.2025 and further clarified on 10.09.2025.
Trading Activity
Mazagon Dock explicitly stated that it is not aware of any information that has not been announced to the Exchanges that could explain any unusual stock trading activity.
Regulatory Matters
The company has confirmed that there are currently no regulatory or legal proceedings related to this matter.
Source: BSE
