Mumbai/IBNS, March 6 -- Shares of Mazagon Dock Shipbuilders Limited surged 8 percent on Friday, extending gains from the previous session, media reports said.

Mazagon Dock saw the rally on Thursday after the company clarified in an exchange filing that it is set to secure an order worth approximately Rs. 99,000 crore.

The company said the CNC negotiations between the government and Mazagon Dock have been completed and the proposal has already been forwarded for approval from the competent authority, CNBC-TV18 reported.

Mazagon Dock's order book stood at Rs. 23,758 crore as of the end of the December quarter.

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