Mazagon Dock Shipbuilders (MDL) has signed individual Shipbuilding Contracts with the European client for construction of three units of 7,500 DWT Multi-Purpose Hybrid Powered Vessels on December 14, 2023 for a value of around $42 million. The first vessel delivery is 27 months after contract effectiveness and delivery of subsequent vessels at interval of two months.
Mazagon Dock Shipbuilders is the India's leading defence public sector undertaking shipyard under the Ministry of Defence. It is primarily engaged in constructing and repairing warships and submarines for the MoD and other types of vessels i.e. cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers, etc. for commercial clients.
