Overview
- The tripartite MoU, signed on December 9 in Brasilia, establishes technical information exchange on procedures, tools, and repair methodologies for Scorpène-class submarines and other naval ships.
- India and Brazil will hold annual review meetings, apply confidentiality protocols for sensitive data, and bear their own costs with no financial transfers under the pact.
- Mazagon Dock recently entered an exclusive MoU with Swan Shipyard to jointly bid for the Indian Navy's landing platform dock program.
- Company management says it can build 11 submarines simultaneously and still retain capacity even with additional Scorpène and Project 75(I) orders, and it maintains an MoU with Naval Group to explore Asian export opportunities.
- Brokerage MOFSL cites strong revenue visibility despite margin pressure from lumpy execution, expects ordering to pick up in H2FY26, and notes the company indicated its order book could exceed Rs 1 lakh crore by FY27.