MDL to receive submarine contracts worth over ₹1L-cr

Public sector yard Mazagon Dock Shipbuilders Limited (MDL) is likely to be awarded two separate contracts by the government worth more than 21.06 lakh crore before financial year 2025-26 ends for building submarines for the Indian Navy, officials aware of the matter said on Wednesday.

- Rahul Singh

The first contract is the 270,000-crore Project 751 under which Mumbai-based MDL and German yard thyssenkrupp Marine Systems (tkMS) will build six advanced submarines to sharpen the navy’s underwater capabilities.

The second contract estimated to be worth 236,000 crore is for constructing three more Scorpene-class submarines to bolster the country’s maritime posture in the Indian Ocean region.

The contract negotiation committee is set to begin discussions to finalise the commercial and technical terms for P-75I, and negotiations for the additional Scorpene-class submarines have been completed, said Commodore SB Jamgaonkar (retd), director (submarine and heavy engineering), MDL.