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Stock Report
Mazagon Deck Shipbuilders Limited receives 'Navratna' Status
Posted On : 2024-06-26 21:36:21( TIMEZONE : IST )
Ministry of Finance, Govt. of India has elevated Mazagon Dock Shipbuilders Limited (MDL), India's premier Warship and Submarine builders to NAVRATNA category on 25 June 2024. MDL is now the 21 Navratna CPSE in the country, 3" in Defence PSUs and the first Shipyard to achieve this status. For the FY 2023-24, the company has posted a consolidated Annual turnover of Rs. 9467 Crores and Net profit of Rs. 1845 Crores. MDL had earned the status of Miniratna - I in 2006 and MDL also holds 47.21% of Equity Share capital of Goa Shipyard Limited, a PSU under Ministry of Defence. Now, being elevated to Navratna status, it signifies MDL's consistent performance in the recent past and further MDL is committed to play a more significant role in the country's Defence landscape and contribute significantly to the growth and development of the sector, in the years to come.
"The elevation to Navratna status is a testament to MDL's rich heritage and unwavering commitment to excellence," said Chairman and Managing Director (CMD) of MDL. MDL has achieved this feat owing to its strong legacy of technical proficiency in Warship and Submarine building and a workforce with professional acumen, innovative spirit and unmatched performance that has elevated the growth of the company to new heights. "We are deeply thankful to all our stakeholders for reposing their trust with MDL, and the entire workforce - past & present, whose dedication has been pivotal towards the company's success. We extend our heartfelt gratitude to the Ministry of Defence/ Department of Defence Production, Dept of Public Enterprises, DIPAM and our esteemed customers the Indian Navy, under whose guidance and support, MDL has been able to achieve this milestone", CMD added.
Shares of Mazagon Dock Shipbuilders Limited was last trading in BSE at Rs. 4081.00 as compared to the previous close of Rs. 3976.55. The total number of shares traded during the day was 611759 in over 49702 trades.
The stock hit an intraday high of Rs. 4269.75 and intraday low of 4063.10. The net turnover during the day was Rs. 2550281402.00.
