A JV between Pipavav Defence and Offshore Engineering Company Limited and Mazagon Dock Limited, a defense public sector undertaking, has been incorporated in the name of Mazagon Dock Pipavav Defense Private Limited on December 3rd 2012.

The Pipavav Defence and Offshore Engineering Company Ltd stock closed the day at INR 90, up by INR 3.55 or 4.11%. The stock hit an intraday high of INR 90.75 and low of INR 86.75.

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