Hyundai

Mazagon Dock Drops Thoothukudi Shipyard Plan After Land Constraint Emerges

Mazagon Dock Shipbuilders has decided not to proceed with its proposed shipyard project in Thoothukudi after the availability of land emerged as the central obstacle, according to people familiar with the matter. The issue arose because Mazagon Dock and Hyundai were understood to be seeking the same land parcel, complicating the project’s viability and prompting a reassessment.