The contract was signed with Carsten Rehder Schiffsmakler and Reederei GmbH & Co KG, Germany, under an existing "option agreement" for four additional MPVs
The contract is valued around $54 million, and the order will be fulfilled in 33 months.
Here are some of the stocks that may see significant price movement today: IREDA, Garden Reach Shipbuilders, Nazara Tech, etc.
On July 1, it reported that it has signed a $21 million contract with the Government of Bangladesh to build an innovative ocean-going tugboat.
MDL, one of India's most advanced shipyards, already has a larger order book, which might be boosted even further with the deal.
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