MDSL is among the key beneficiaries of indigenisation in the defence sector and its robust order prospects are attracting investors, causing its stock to jump 188% just this year. The sharp rally has been driven by momentum in the Indian defence sector and the company's huge order backlog of ₹37,500 crore as of the end of September, which is nearly five times its FY23 revenue.
MDSL is in the running for a contract to build three P75 add-on Scorpene-class submarines – an estimated ₹250 billion opportunity. It is also eyeing an order for six units of P75(I) which is expected to be worth around ₹500 billion, he added.
Denne historien er fra December 29, 2023-utgaven av Mint Mumbai.
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Denne historien er fra December 29, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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