Mazagon Dock Shipbuilders Ltd. announced the signing of a Master Ship Repair Agreement or MSRA with the government of the U.S. Since this news came out, the shares of the shipbuilding company have been in focus.
It is a non-financial agreement that only two shipyards in India have signed with the U.S., namely Mazagon Dock and Larsen & Toubro (L&T).
The agreement highlights India’s maritime capabilities to serve as a viable destination for repairing and maintaining U.S. Navy...