Introduction:
Navaratna stock held the keel laying ceremony for a training ship for the Indian Coast Guard. The Rs 310 crore project will feature dual-class certification, two diesel engines, and will serve as a platform for basic sea training.
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Share price movement of Mazagon Dock Shipbuilders:
On January 14, 2025, Mazagon Dock Shipbuilders Ltd opened at ₹2,041.00, up 0.59% from its previous close of ₹2,029.05. The stock reached a high of ₹2,210.00 (7.39%) and a low of ₹2,041.00. By 12:20 PM, it traded at ₹2,178.95, a 7.39% increase, with a market cap of ₹87,894.49 crore.
MDL Holds Keel Laying Ceremony for Training Ship:
Mazagon Dock Shipbuilders Ltd (MDL) held the keel laying ceremony for a training ship for the Indian Coast Guard (ICG) on January 13, 2025. The ceremony was presided over by IG Mr. H K Biju Sharma, TM, DDG (M&M).
MDL has secured a Rs 310 crore contract with ICG to design, build, and deliver the training ship, which will feature dual-class certification from ABS and IRS. The vessel will have two diesel engines and a speed exceeding 20 knots, supporting 223 personnel.
Scheduled for delivery in December 2026, the training ship will serve as a vital platform for basic sea training. It will also offer exposure to Coast Guard life at sea, with an integral helicopter capable of operations in ocean environments.
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Recent news on Mazagon Dock Shipbuilders:
As of December 30, 2024, Mazagon Dock Shipbuilders Ltd. secured a Rs 1,990 crore contract from the Ministry of Defence to construct an air-independent propulsion (AIP) plug and integrate it into Indian submarines.
Stock performance of Mazagon Dock Shipbuilders for Period of 1 week, 6 months and 1 year:
Mazagon Dock Shipbuilders Ltd (MAZDOCK) has experienced a 6.98% decline in the past week, and a 21.8% decrease over the last six months. However, the stock has seen a strong 72.8% increase over the past year.
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Shareholding pattern of Mazagon Dock Shipbuilders:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 84.80% | 84.80% | 84.80% |
| FII | 1.50% | 2.40% | 2.40% |
| DII | 1% | 0.80% | 0.70% |
| Public | 12.70% | 11.90% | 12.10% |
About Mazagon Dock Shipbuilders:
Mazagon Dock Shipbuilders Ltd (NSE: MAZDOCK) is a leading shipyard established in 1774, specializing in building warships, submarines, and offshore platforms. With significant projects like Nilgiri Class Frigates and Kalvari Class Submarines, it earned Mini-Ratna-I status in 2022.
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.
