Mazagon Dock Shipbuilders Ltd receives Subsea Pipeline Replacement Project from ONGC

Mazagon Dock Shipbuilders Limited (MDL) has received a Notification of Award of Contract on 05 September 2024 from Oil and Natural Gas Corporation Limited (ONGC) for Pipeline Replacement Project 8 Group A (PRP 8 Group A) on EPC reimbursable basis (OBE) at the ceiling price of INR 1486,40,32,996/- (Indian Rupees One Thousand Four Hundred Eighty-Six Crores Forty Lakhs Thirty-Two Thousand Nine Hundred and Ninety-Six only) including all taxes and duties (GST@12%).

Shares of Mazagon Dock Shipbuilders Limited was last trading in BSE at Rs. 4400.30 as compared to the previous close of Rs. 4576.80. The total number of shares traded during the day was 129184 in over 11647 trades.

The stock hit an intraday high of Rs. 4603.45 and intraday low of 4370.00. The net turnover during the day was Rs. 573759847.00.

Source : Equity Bulls

Keywords

MazagonDockShipbuilders INE249Z01012 Defence NOA Contract OrderWin ONGC PipelineReplacementProject