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This is Cyient's formal entry into the semiconductor industry a high demand segment in line with "India’s Digital and Industrial Transformation Goals"

The funds will support strengthening urban connectivity, housing and development initiatives accelerating sustainable growth of Mumbai’s metropolitan region.

Mazagon Dock’s board has also declared a second interim dividend of ₹3 per share for FY25

The complex will include a dual-feed cracker and associated downstream units for producing a vast range of petrochemicals.

In Sensex, Nestle, HUL, Titan Company, Power Grid Corp are the top gainers.

The government now holds 48.99% stake. The allotment includes 3,695 equity shares of ₹10 each, at par.

Under this agreement, NBCC will handle project management consultancy for civil and passive infrastructure components.

Execution timeline for the project has been fixed at 26 months from the date of signing of agreement.

Indian equity indices ended on strong note with Nifty at 22,500 on April 8.

This collaboration supports Government of India initiative of 'Aatmanirbhar Bharat' that promotes indigenous manufacturing-led self-reliance in strategic areas including shipbuilding.