MDL aims for P-75(I) submarine deal with TKMS by March 2026.
Mazagon Dock Shipbuilders Ltd (MDL) is poised to secure a multi-billion-euro deal with ThyssenKrupp Marine Systems (TKMS) for six advanced submarines under Project 75(I) by March 2026. This agreement, valued at approximately 70,000 to 80,000 crore ($8-10 billion USD), aims to enhance the Indian Navy’s underwater capabilities amid increasing maritime competition in the Indo-Pacific region. The submarines will feature Air-Independent Propulsion (AIP) technology, crucial for extended submerged operations, and will ensure a significant transfer of …
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