Mazagon Dock shares surge nearly 6% as MoD moves ahead with submarine plan

Mazagon Dock Shipbuilders (MDL) shares jumped 5.9% to Rs 2,423.4 on the BSE after the Defence Ministry approved its progression to the next stage of bidding for a multi-billion-dollar submarine project. MDL qualified following technical trials and will now enter techno-commercial negotiations for next-gen submarine construction in India.