Mazagon Dock Share Price in Focus as Keel Laying Ceremony Marks Key Milestone

Mazagon Dock Shipbuilders Limited (NSE: MAZDOCK) traded at ₹2,621.10, reflecting a gain of 0.66% (₹17.15) at 10:00 AM on the NSE from its previous close of ₹2,603.95. The stock opened at ₹2,569.95 and reached an intraday high of ₹2,645.50, while the lowest point recorded was ₹2,554.35.

MDL Begins Construction of First Multi-Purpose Vessel for Navi Merchants

Mazagon Dock Shipbuilders Ltd (MDL), a Navratna Defence PSU, achieved a significant milestone with the Keel Laying Ceremony of the first Multi-Purpose Vessel (MPV) – Yard 21001 for M/s Navi Merchants, Denmark.

The ceremony was held at MDL’s South Yard on April 2, 2025, following the commencement of production on September 24, 2024, the company said in a press release on the stock exchanges.

MDL Secures Order for 6 Multi-Purpose Vessels

Under the agreement with Navi Merchants, MDL will design, build, and deliver 6 MPVs, with each vessel valued at approximately $14 million USD. These vessels will be constructed under DNV certification and adhere to the highest global maritime standards.

Key specifications of the MPVs include:

• Overall Length: 116.2 meters
• Deadweight: 7,500 tonnes
• Speed: Minimum of 11 knots
• Power Take-Off from Shaft Generator: 85 kW

The first vessel is set for delivery by April 2026, further strengthening MDL’s position as a leader in global shipbuilding.

Conclusion

The keel-laying ceremony for Mazagon Dock Shipbuilders’ first Multi-Purpose Vessel for Navi Merchants marks a crucial step in the company’s expanding global shipbuilding portfolio.

With a strong order book and adherence to high maritime standards, MDL continues to strengthen its position as a key player in the defence and commercial shipbuilding sector.

Investors remain watchful of MDL’s stock performance as the company progresses with its ship deliveries and secures future contracts.

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