Mazagon Dock Shipbuilders has officially confirmed that it is currently engaged in ongoing discussions with Germany regarding a substantial submarine contract valued at $8 billion. This development represents a potentially significant opportunity for the Indian defense shipbuilder to expand its international presence.

Current Status of German Submarine Talks

The company has acknowledged that negotiations with German authorities are actively progressing, though specific details about the timeline or technical specifications have not been disclosed. The $8 billion contract value indicates the substantial scale of this potential defense partnership.

Company's Current Focus

Mazagon Dock Shipbuilders has indicated that it is not aware of any other significant developments beyond these German submarine discussions. This suggests that the company's strategic attention is primarily concentrated on advancing these particular negotiations.

The confirmation of these talks highlights the company's continued involvement in major international defense contracts, positioning it as a key player in the global submarine manufacturing sector. The outcome of these discussions could have substantial implications for the company's future revenue and international standing in the defense shipbuilding industry.

Mazagon dock shipbuilders Limited has issued a regulatory clarification to BSE Limited regarding recent media reports about India-Germany submarine manufacturing deal negotiations. The company responded to BSE's inquiry about a Business Standard report dated January 8, 2026, which discussed an $8 billion submarine manufacturing deal between India and Germany.

Company's Response to BSE Inquiry

The shipbuilder addressed three specific queries raised by BSE regarding the news report and potential impact on trading activity:

P75(I) Project Status Update

Mazagon Dock Shipbuilders confirmed that negotiations with the Indian Navy and Ministry of Defence regarding the P75(I) project have commenced and are currently ongoing. The company referenced its previous disclosures made on August 25, 2025, and September 10, 2025, which had already announced the commencement of these negotiations.

The P75(I) project represents a significant submarine manufacturing initiative, and the company's clarification provides transparency regarding its involvement in the ongoing discussions.

Regulatory Compliance

The clarification was issued under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Lalatendu Acharya signed the disclosure document dated January 12, 2026.

The company stated it is not aware of any other material developments beyond those mentioned in the news report, ensuring complete transparency with market participants and regulatory authorities.