Fourth Scorpene Class Submarine Vela delivered

Mazagon Dock Shipbuilders Limited ("MDL") continues its saga of 'self-reliance' 'AatmaNirbhar Bharat'and 'Make in India' Initiative of the Government of India, with the delivery of the fourth Scorpene Submarine of Project P-75 on 09 Nov 2021 to the Indian Navy, subsequently to be commissioned into Indian Navy as INS Vela. The Acceptance Document was signed by VAdm Narayan Prasad, AVSM, NM, IN (Retd), Chairman & Managing Director MDL and RAdm KP Arvindan, VSM, Chief Staff Officer (Tech), Western Naval Command in the presence of MDL Directors and Navy personnel at MDL.

With the delivery of Vela, India further cements its position as a submarine building nation and MDL has lived up to its reputation as one of the India's leading shipyards with capacity and capability to meet requirements and aspirations of the Indian Navy in all dimensions. The delivery of four Submarines namely, Kalvari, Khanderi, Karanj and now Vela, reaffirmed India's membership in the exclusive group of submarine building nations.

The fifth submarine Vagir, was launched on 12 November 2020 and has commenced her harbour trials and is expected to go for maiden surface sortie in Dec 21 whilst the sixth submarine is presently in the advance stage of outfitting Two SSK submarines built by MDL in 1992 and 1994 are still in service today, after more than 25 years and is a clear testimony of MDL's quality of construction. MDL has also achieved expertise in submarine refits by successfully executing the Medium Refit-cum-Upgradation of all the four SSK class submarines of the Indian Navy. It is presently carrying out the Medium Refit and Life Certification of INS Shishumar, the first SSK submarine.

MDL has always been in the forefront of the nation's progressive indigenous warship building programme. With the construction of the Leander & Godavari class Frigates, Khukti class Corvettes, Missile Boats, Delhi & Kolkata class Destroyers and the newly inducted Vishakhapatnam class of Destroyers, Shivalik class Stealth Frigates, the SSK submarines and the Scorpene submarine under its belt, the history of modern day MDL almost maps the history of indigenous warship building in India.

Shares of Mazagon Dock Shipbuilders Limited was last trading in BSE at Rs. 310.70 as compared to the previous close of Rs. 307.80. The total number of shares traded during the day was 156886 in over 3840 trades.

The stock hit an intraday high of Rs. 315.50 and intraday low of 303.00. The net turnover during the day was Rs. 48171768.00.

Source : Equity Bulls

Keywords

MazagonDockShipbuildersLimited INE249Z01012 MAZDOCK Defence ScorpeneSubmarine Vela IndianNavy