Mazgaon Dock Shipbuilders surged nearly 5% after company signed letter of intent with European client for 10 multi-purpose power vessels.
The company announced the signing of a Letter of Intent (LoI) with a European client on October 9.
The LoI delineates the construction of six confirmed units and an additional four optional units of multi-purpose hybrid power vessels with a capacity of 7,500 DWT. The exact prices for these vessels will be determined at the formal contract signing, as per the stock exchange filing.
