The Exchange has sought clarification from Mazagon Dock Shipbuilders Limited with respect to recent news item captioned Mazagon Dock shares climb 6% amid report of Rs 99,000 crore defence deal. The response from the Company is attached.
MAZDOCK · price
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Mazagon Dock responded to an NSE query about a media report claiming a Rs 99,000 crore defence deal that drove its shares up 6%. The company confirmed that Cost Negotiation Committee (CNC) negotiations between the Government and Mazagon Dock have been completed, and the proposal has been sent for approval to the competent authority. It referenced earlier disclosures made on 25 August 2025, 10 September 2025, and 9 January 2026 on the same matter. The company stated it is not aware of any other undisclosed information that could explain the stock price movement, and that the article has no material impact on the company beyond what has already been disclosed.
The deal is still pending final government approval, so there is no confirmed order win yet. However, completion of CNC negotiations is a significant positive step, and if approved, a deal of this scale would be a major boost to the company's order book and future revenue. Investors should watch for the formal approval announcement.