Mazagon Dock Shipbuilders Ltd confirmed CNC negotiations for a ₹99,000 crore defence contract are completed. The proposal for six advanced submarines awaits government approval. On March 5, 2026, shares settled at ₹2,352.50, gaining 8.64%. The stock surged 6.69% during intraday trading to ₹2,311.35 following reports of this massive Project 75(I) naval acquisition.