New Delhi: India today approved a navy proposal to float a $5.9-billion tender for locally building next generation attack submarines with foreign help, for which state-run Mazagon Dock Shipbuilders Limited (MDL) and Larsen & Toubro Limited (L&T) are set to compete. The Defence Acquisition Council (DAC) of the […]
New Delhi: In just over a year from today, the Indian Navy will add fifth Scorpene submarine to its fleet, a serious addition to the sagging conventional underwater fighting capabilities, taking the strength to 17 by 2021. This has been made possible with the successful launch of the […]
New Delhi: India‘s lone submarine builder had a dream-like debut on the stock market today, finishing the opening trading day at Rs 173, a cool 19 per cent above its Initial Public Offering (IPO) price of Rs 145, strongly aided by its above par financial performance over the […]
