@Mudit.Kushalvardhan @Jadewade
Agree with your views.
Sub-marines take years to build and deliver.
As of today , there is no competition for MDL as far as newer class of submarines are concerned.
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L&T with Navantia from Spain had given a proposal for P75I project worth 75000 crore.
Finally MDL -ThyssenKrupp Germany was approved after extensive testing.
These submarines are to be delivered for next 10 years.
MDL had capacity constraints and they tried to do some subcontracting in the previous quarters whereby the quarterly performance got affected. Now with collaboration with HSL and capex plan , they want to increase their capacity.
So, the quarterly performance of defence shipping is always lumpy..it is not like IT companies where we watch QoQ incremental performance..
What we need to watch out is Year to year performance.