This collaboration supports Government of India initiative of 'Aatmanirbhar Bharat' that promotes indigenous manufacturing-led self-reliance in strategic areas including shipbuilding.
The two companies are planning to set up a 30 megawatt (MW) floating solar energy project in Mauritius.
Mazagon Dock’s board has also declared a second interim dividend of ₹3 per share for FY25
The government now holds 48.99% stake. The allotment includes 3,695 equity shares of ₹10 each, at par.
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.
In Sensex, Nestle, HUL, Titan Company, Power Grid Corp are the top gainers.
Under this agreement, NBCC will handle project management consultancy for civil and passive infrastructure components.
The monetary policy was largely influenced by the ongoing macro uncertainty amidst the reciprocal tariffs
Execution timeline for the project has been fixed at 26 months from the date of signing of agreement.
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