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Mazagon Dock, Pipavav JV on hold

Mazagon Dock, Pipavav JV on hold

The Defence Ministry has decided to put on hold a joint venture (JV) between Mazagon Dock and Pipavav Defence and Offshore Ltd, saying it would wait till a policy on JVs is put in place by the gov­e­r­n­ment. Pipavav Defence had formed an equal JV with Mazagon Dock to build submarines and warships, making the private firm eligible to execute part of Mazagon's order book of $21.2 billion.

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