Mazagon Dock Shipbuilders

Mazagon Dock Shipbuilders Limited
Company typePublic
BSE: 543237
NSE: MAZDOCK
IndustryShipbuilding
Founded1934; 90 years ago (1934)[1]
Headquarters
Mumbai, Maharashtra
,
India
Key people
Sanjeev Singhal
(Chairman & MD)
ProductsNaval ships
Submarines
offshore platforms
Tankers
Bulk carriers
Platform supply vessels
Patrol boats
ServicesShip design
Ship building
Ship repair
RevenueIncrease ₹7,827.18 crore (US$940 million) (FY2023)[2]
Increase ₹1,429.33 crore (US$170 million) (FY2023)[2]
Increase ₹1,070.72 crore (US$130 million) (FY2023)[2]
Total assetsDecrease ₹28,880.57 crore (US$3.5 billion) (FY2023)[2]
Total equityIncrease ₹4,177.56 crore (US$500 million) (FY2023)[2]
OwnerGovernment of India (84.83%)
Number of employees
Decrease 4972 (2021-22)
DivisionsShipbuilding, Submarine & Heavy Engineering
Websitemazagondock.in

Mazagon Dock Shipbuilders Limited (MDL) (IAST: Majhagānv Dawk Limiṭeḍ), formerly called Mazagon Dock Limited,[3] is a shipyard situated in Mazagaon, Mumbai. It manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling. It also builds tankers, cargo bulk carriers, passenger ships and ferries.[4][1]

Mazagon Dock Shipbuilders has been awarded "Navratna" status by the Department of Public Enterprises.It is the country's 21st PSU to receive this designation.[5]

MDL is a public sector undertaking managed by the Ministry of Defence, with the Government of India holding an 84.83% stake. Its shipbuilding segment has indigenously built stealth frigates, destroyers, guided-missile destroyers, corvettes, landing platform docks, missile boats, patrol boats, trailing suction hopper dredgers, cargo ships, cargo-passenger ships, platform supply vessels, Voith tugs and BOP vessels, while its submarine segment has built conventional submarines and stealth submarines. Both segments have also performed repair and refit activities.[6][7][8]

  1. ^ a b Introduction Archived 19 April 2016 at the Wayback Machine Mazagon Docks Ltd
  2. ^ a b c d e " Financial Report 2022-23 Audited".
  3. ^ "is a Navratna Company Name Change of Mazagon Dock Shipbuilders Ltd". Goodreturn. Archived from the original on 8 March 2021. Retrieved 8 March 2021.
  4. ^ "Mazagon". mazdock.com. Archived from the original on 20 July 2017. Retrieved 31 January 2018.
  5. ^ "MDL Granted Navratna status by Govt".
  6. ^ "Mazagon Dock Shipbuilders Limited" (PDF). HDFC Securities. Archived (PDF) from the original on 18 November 2022. Retrieved 18 November 2022.
  7. ^ "Mazagon Dock Shipbuilders eyeing orders worth Rs 1.59 trillion from Indian Navy". Financial Express. Archived from the original on 18 November 2022. Retrieved 18 November 2022.
  8. ^ "Mazagon Dock Shipbuilders hits new high on heavy volumes; up 27% in 2 days". Business Standard. Archived from the original on 18 November 2022. Retrieved 18 November 2022.