The state owned Mazagon Dock Shipbuilders
Limited (MDL) has signed individual Shipbuilding Contracts with the European
client for the construction of 3 units of 7,500 DWT Multi-Purpose Hybrid
Powered Vessels on December 14, 2023, for a value of 42 million US dollars, the ship building
company said a regulatory filing.
The contract,
signed on December 14, 2023, outlines the construction of three
state-of-the-art 7,500-deadweight ton (DWT) multi-purpose hybrid powered
vessels, with a total contract value estimated at around $42 million.
The nature of
the order encompasses the comprehensive process of designing, building, and
delivering these advanced vessels upon completion, the Mumbai-based shipbuilder
said.
The timeline for execution is well-defined,
with the delivery of the first vessel slated for 27 months after the contract becomes effective.
Subsequent vessels are scheduled to be delivered at intervals of two months.
Mazagon Docks reported revenue of
operations worth Rs 1,827 crore for the September quarter, which is higher than the Rs 1,702 crore it reported during the same
quarter last year. Net profit for the period also increased to Rs 332.9 crore,
compared to Rs 213.9 crore in the year-ago quarter.