Mazagon Dock Shipbuilders Ltd signs contract for supply of 6 Next-Gen Offshore Patrol Vessels

Mazagon Dock Shipbuilders Limited (MDL) has signed a contract with Acquisition wing of Ministry of Defence for Construction and Delivery of six (06) Next generation Offshore Patrol Vessels (NGOPVs) for Indian Coast Guard (ICG) on 20 Dec 2023.

The 1st vessel delivery is T0 + 41 months and delivery of subsequent vessels at intervals of Five (05) months, where T0 is the date of release of advance payment by the Buyer to the Seller.

The contract value is aprox. INR 1600 Cr.

Shares of Mazagon Dock Shipbuilders Limited was last trading in BSE at Rs. 2141.40 as compared to the previous close of Rs. 2126.15. The total number of shares traded during the day was 90970 in over 4967 trades.

The stock hit an intraday high of Rs. 2215.00 and intraday low of 2115.80. The net turnover during the day was Rs. 196537504.00.

Source : Equity Bulls

Keywords

MazagonDockShipbuilders INE249Z01012 OrderWin MinistryofDefence NGOPVs IndianCoastGuard