Mazagon Dock Signs ₹326 Crore Contract with SCI for a Methanol Dual Fuel PSV
Mazagon Dock Shipbuilders Limited has signed a contract with Shipping Corporation of India Limited for one 3000 DWT Methanol Dual Fuel Platform Supply Vessel. The contract value is approximately USD 39 million (approx. ₹326 crore). The vessel will be delivered as per the agreed schedule.
The contract value of USD 39 million (approx. ₹326 crore) is material and will contribute to the company's order book and future revenue, but it is not a transformative deal for the entire company.
The signing of a new contract for a significant value is a positive development for the company, indicating new business and revenue generation.
Mazagon Dock Shipbuilders Limited (MDL) has announced the signing of a contract with Shipping Corporation of India Limited (SCI) for the construction and sale of one 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV).
The contract value is approximately USD 39 million, which translates to approximately ₹326 crore. The vessel will be constructed and delivered according to the mutually agreed contractual schedule between the parties.
This contract is considered material under Regulation 30 of the SEBI (LODR) Regulations, 2015, and is in the ordinary course of the company's business.
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Mazagon Dock Shipbuilders Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Mazagon Dock Shipbuilders Limited. Read the original for the full detail.