Mazagon Dock shares trade lower despite Rs 364-crore contract with Shipping Corp
News by Aliceblue News Desk
19 Mar 2026
Introduction
Leading shipbuilding company signs USD 39 million contract to construct 3000 DWT methanol dual fuel platform supply vessel for Shipping Corporation of India under agreed schedule.
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Share price movement of Mazagon Dock Shipbuilders Ltd
On March 19, 2026, Mazagon Dock Shipbuilders Ltd opened at ₹2431.45, down 1.02% from its previous close of ₹2456.40. It reached a high of ₹2447.00 (-0.38%) and a low of ₹2351.75. By 4:01 PM, it traded lower, with a market cap of ₹95,274.32 crore.
Mazagon Dock Vessel Contract
Mazagon Dock Shipbuilders Limited has entered into a contract with Shipping Corporation of India Limited for construction of a 3000 DWT vessel.
The contract involves building and sale of one Methanol Dual Fuel Platform Supply Vessel, with a contract value of approximately USD 39 million, executed in the ordinary course of business.
The vessel will be constructed and delivered as per mutually agreed schedule between the companies. The disclosure was made under SEBI regulations considering materiality of the contract.
Stock performance of Mazagon Dock Shipbuilders Ltd for Period of 1 week, 6 months, and 1 year
Mazagon Dock Shipbuilders Ltd delivered a 1-week return of 0.56 percent, a 6-month return of -17.7 percent, and a 1-year return of -6.41 percent.
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Shareholding Pattern of Mazagon Dock Shipbuilders Ltd
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 |
| Promoter | 81.20% | 81.20% | 81.20% |
| FII | 1.80% | 2.00% | 2.60% |
| DII | 5.40% | 5.70% | 5.20% |
| Public | 11.60% | 11.20% | 11% |
About Mazagon Dock Shipbuilders Ltd
Mazagon Dock Shipbuilders Ltd (NSE: MAZDOCK) is a major Indian shipyard engaged in building warships, submarines, cargo vessels, passenger ships, and offshore platforms since 1960.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Mazagon Dock share price rising today?
A: Mazagon Dock Shipbuilders Ltd share price movement follows USD 39 million vessel contract announcement with Shipping Corporation of India.
Q: What is Mazagon Docks main business focus?
A: Mazagon Dock Shipbuilders Ltd focuses on construction of warships, submarines, cargo vessels, passenger ships, and offshore platforms.
Q: What are the 52-week high and low of Mazagon Dock stock?
A: The 52-week high and low of Mazagon Dock Shipbuilders Ltd stock are not specified in the provided information.
News Author
Aliceblue News Desk
