Mazagon Dock Partners with France’s Naval Group for Foreign Submarine Project

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has signed an exclusive MoU with France’s Naval Group to jointly offer evolved submarines to a friendly foreign nation under an ongoing submarine acquisition programme. This collaboration follows their July agreement for technology transfer to install indigenous energy system plugs on Indian Navy’s Kalvari-class submarines. The Defence Ministry also signed two contracts worth ₹2,867 crore — ₹1,990 crore with Mazagon Dock for air-independent propulsion plug construction and ₹877 crore with Naval Group for electronic heavyweight torpedo system integration. Shares closed at ₹2,818, down 0.49% on the BSE.