Mazagon Dock Shipbuilders (NSE: MAZDOCK) announced that it has initiated the keel laying of a training ship for the Indian Coast Guard. The project, worth ₹310 crore, will feature dual-class vessels and is expected to be delivered by December 2026.
Mazagon Dock Shipbuilders Ltd. (MDL), a Navratna DPSU, began production on a training ship for the Indian Coast Guard (ICG) on April 26, 2024. The keel was laid on January 13, 2025, marking a key milestone in the project.
MDL signed a contract with the ICG to design, build, and deliver the training ship, which is valued at ₹310 crore. The ship will be powered by two diesel engines, achieving speeds in excess of 20 knots, and will accommodate 223 personnel, including 70 under-trainee officers and 46 training staff.
The vessel will be classified under Dual Class (ABS & IRS). The ship will serve as a key training platform for Coast Guard trainee officers, offering sea training and practical exposure to life at sea. The vessel is expected to be delivered in December 2026.
Mazagon Dock Shipbuilders Limited delivered the sixth Scorpene-class submarine, Vaghsheer, to the Indian Navy as part of Project P-75.
The Vaghsheer, launched on April 20, 2022, has undergone extensive testing to ensure it meets the highest standards of combat readiness. It is set to be commissioned into the Indian Navy as INS Vaghsheer.
The Vaghsheer is equipped with state-of-the-art stealth technology, ensuring superior operational capabilities with reduced underwater noise and advanced weapons launch systems, such as torpedoes and anti-ship missiles.
This delivery further strengthens India’s defence infrastructure and the Indian Navy’s underwater warfare capabilities.
On January 14, 2025, Mazagon Dock Shipbuilders’ share price rose by 6.83%, trading at ₹2,166.90 at 1:10 PM on the NSE. The stock opened at ₹2,057.80, higher than its previous close of ₹2,028.30. This uptick comes after the stock had dropped by 8.76% from January 10 to January 13.
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Published on: Jan 14, 2025, 1:13 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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