Shares of Mazagon Dock Shipbuilders Ltd (MDL) and Garden Reach Shipbuilders & Engineers Ltd (GRSE) are expected to remain in focus after reports indicated that the government is set to approve schemes worth around ₹65,000 crore for the shipping sector.
According to a Zee Business update, the approval is likely to come soon, giving a strong push to India’s shipbuilding and naval infrastructure plans.
Industry experts believe this move will directly benefit key shipbuilders like Mazagon Dock and GRSE, both of which already play a crucial role in delivering naval vessels, submarines, and other defense projects.
As of 10:55 AM, Mazagon Dock shares were trading 2.02% higher at Rs 2,829.00. On the other hand, Garden Reach shares 2.27% were trading 2.27% up at Rs 2,622.00.
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