Mazagon Dock Secures ₹118 Crore Order from MSETCL for AI Project
Mazagon Dock Shipbuilders Ltd. received a ₹117.99 crore order from MSETCL for an AI-based Infrasecure Project. The order includes supply, installation, and commissioning for 5 substations. The project has a completion period of 24 months.
The order value of approximately ₹118 crore is material but does not represent a transformative change for a company of Mazagon Dock's scale. It contributes positively to the order book and revenue.
The company has secured a significant new order, which is positive for its business prospects and revenue.
Mazagon Dock Shipbuilders Limited (MAZDOCK) has announced that it has received a Purchase Order from Maharashtra State Electricity Transmission Co. Ltd. (MSETCL). The order is for the Supply, Installation, and Commissioning of an AI-based Comprehensive Infrasecure Project for 05 Substations.
The total value of the order is ₹117,99,71,564.90 (Rupees One Hundred and Seventeen Crore Ninety Nine Lakh Seventy One Thousand Five Hundred and Sixty Four and Paise Ninety Only), inclusive of GST (18%) and other duties. The project is expected to be completed within a period of 24 months. This is a domestic order awarded by a domestic entity.
Mazagon Dock Shipbuilders Limited confirmed that neither its promoter nor its promoter group companies have any interest in MSETCL, and the order does not fall under related party transactions.
A plain-language summary of a public exchange filing by Mazagon Dock Shipbuilders Limited. Read the original for the full detail.
