In accordance with the close defense ties between India and Indochina, Mazagon Dock Limited will be manufacturing four Kolkata Class Railgun destroyers, the total cost is 2.4 billion and the ships will each take one year to complete. Each ship finished will be inducted into the Indochinese navy and training on how to operate the railguns and supporting equipment will be given over the course of the order.
~Signed, Prime Minister Narendra Modi
Looking for ships to add to its active navy, the Egyptian Navy will be purchasing
2 x Shardul LST
3 Delhi Destroyers
5 Talwar Frigates
7 Kamorta Corvettes
9 Sukanya patrol ships
Though some of these designs are only approved for sale to very close strategic allies like Israel and Japan. The Indian government has made the exception to further strengthen ties with Egypt as Indian commerce already enjoys numerous benefits within Egypt. The cost of the order will come to 18 billion USD and production will take five years in full. However, each ship will be sent for integration within the Egyptian Armed Forces as it is completed, they are only to be used for the defense of Egypt's sovereign waters and violation of this will incur consequences.
This stock seems to have good fundamentals and also it has generated 38.21 percent return for the past 6 months.Any thoughts whether it is for long term
Hi!
So it seems there was too much euphoria about this IPO and fortunately I have got alloted 1 lot for the same. While I know, that unless something catastrophic changes the market till it's listing date, it is bound to get listing gains, however I wanted to know your view on how good is the idea to not go for listing gains and keep it for the mid to long term horizon considering it has a 50,000 crs worth orderbook for next 6-7 years which is about 13X it's annual revenue and most of its payments are made in advance by its customers?
Further, it also has a wide MOAT considering it is currently building 5 parallel nuclear capable submarines and has a capability to build 11 submarines and if I am not mistaken 13 frigates parallelly on its assembly lines all of which is much better than its peers like gardenreach Shipbuilders and Cochin shipyard?
Thanks,
Snaky
