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Updated:17 May 2013 03:40:00 PM(IST)

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RELIANCE 835.50 [ -0.61% ]TCS 1473.80 [ +1.36% ]ICICIBANK 1230.45 [ +1.90% ]

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Pipavav Shipyard signs MOU with SAAB Dynamics AB
Pipavav Shipyard signs MOU with SAAB Dynamics AB Pipavav Shipyard has signed a memorandum of understanding (MOU) with SAAB Dynamics AB (SAAB), a part of the Swedish multinational giant - Wallenberg Group. This is the first major defence co-operation initiative taken by Wallenberg Group in India and this MOU will enable the company to enter into the army and airforce segments. The Wallenberg Group is a global leader in pharmaceuticals, petrochemicals, defence and aerospace, finance and other critical sectors. The company made this announcement during the trading hours today, 23 December 2010.

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