Mazagon Dock Shipbuilders announced the cessation of Jagjeet Kaur Neeru Singh, Non-Official Independent Director (DIN- 09449410) on the Board of the company with effect from 27 December 2024 on completion of her tenure on 26 December 2024. Powered by Capital Market - Live

Both the warships have been designed by the Indian Navy's Warship Design Bureau, constructed by MDL, and overseen by the warship overseeing team, Mumbai. The MDL said Nilgiri, the first-class (FoC) ship of Project 17A, features cutting-edge advanced technology and is comparable to the finest ships of similar class anywhere in the world. Nilgiri incorporates design features for improved survivability, seakeeping, stealth, and maneuverability. It is a ship with stealth capabilities achieved through hull shaping and the use of radar-transparent deck fittings, making it difficult to detect. The warship is packed with an array of weapons and sensors and has an all-round capability against enemy submarines, surface warships, anti-ship missiles, and fighter aircraft, the defence PSU said. It is mounted with guns for close-in defence capability and effective naval gunfire. Nilgiri is enabled to operate independently without supporting vessels and to function as the flagship of the Naval Task Force. Surat is the fourth ship of Project 15B and is a potent platform capable of undertaking a variety of tasks and missions, spanning the full spectrum of maritime warfare. It is armed with supersonic surface-to-surface 'Brahmos' missiles and 'Barak-8 Medium Range Surface-to-Air Missiles. The destroyer is fitted with indigenously developed anti-submarine weapons and sensors, prominently the Hull-mounted Sonar Humsa NG, heavy-weight torpedo tube launchers, and ASW rocket launchers to enable underwater warfare. Surat is more versatile than previous destroyers and frigates and offers enhanced capabilities against submarines, surface warships, anti-ship missiles, and aircraft, allowing it to operate independently and serve as a flagship. The indigenous content in P15B class destroyers is 72%, which is a notch above their predecessors, P15A (59%) and P15 (42%) class destroyers. Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's consolidated net profit surged 75.76% to Rs 585.08 crore on a 50.84% jump in revenue from operations to Rs 2,756.83 crore in Q2 FY25 over Q2 FY24. Shares of Mazagon Dock Shipbuilders slipped 6.22% to close at Rs 4,725.55 on Friday, 20 December 2024.Powered by Capital Market - Live

Mazagon Dock Shipbuilders (MDL) has delivered the First Stealth Frigate of Project 17A Class Ship and the Fourth Stealth Destroyer of Project 15B Class Guided Missile Destroyer i.e. Yard 12707 (SURAT) to the Indian Navy on 20 December 24. Both the warships have been designed by the Indian Navy's Warship Design Bureau, constructed by MDL and overseen by Warship Overseeing Team, Mumbai. Nilgiri is the First of Class (FoC) ship of Project 17A. This Ship features cutting edge advanced technology and is comparable to the finest ships of similar class anywhere in the world. Nilgiri is designed indigenously by the Indian Navy's Warship Design Bureau, New Delhi. Nilgiri incorporates the design concepts for improved survivability, sea keeping, stealth and ship manoeuvrability. Nilgiri is state of the art having stealth feature and the same have been achieved through shaping of hull and use of radar transparent deck fittings which make ships difficult to detect. This ship is packed with an array of state of the art weapons and sensors and have allround capability against enemy submarines, surface warship, anti-ship missiles, fighter aircraft. Ship has mounted with Guns for close in defence capability and effective naval gunfire. Nilgiri is enabled to operate independently without supporting vessels, and also to function as the flagship of Naval task force. With significant indigenous content, this ship is a true hallmark of self-reliance attained by our country in Warship Design and Shipbuilding and a shining example of the 'Make in India' philosophy by the Government of India. urat is the fourth ship of Project 15B and is a potent platform capable of undertaking a variety of tasks and missions, spanning the full spectrum of maritime warfare. It is armed with supersonic Surface-to-Surface 'Brahmos' missiles and 'Barak-8 Medium Range Surface to Air Missiles. Towards undersea warfare capability the Destroyer is fitted with indigenously developed anti-submarine weapons and sensors, prominently the Hull mounted Sonar Humsa NG, Heavy weight Torpedo Tube Launchers and ASW Rocket Launchers. Significantly more versatile than the previous classes of Destroyer and Frigates in Naval inventory, SURAT's all-round capability against enemy submarines, surface warships, anti-ship missiles and fighter aircraft will enable it to operate independently without supporting vessels and also to function as the flagship of a Naval task force. Powered by Capital Market - Live

Mazagon Dock Shipbuilders Ltd rose 4.24% today to trade at Rs 4904.8. The BSE PSU index is up 0.54% to quote at 20278.23. The index is up 2.73 % over last one month. Among the other constituents of the index, Mishra Dhatu Nigam Ltd increased 3.72% and Bharat Dynamics Ltd added 3.54% on the day. The BSE PSU index went up 41.25 % over last one year compared to the 16.76% surge in benchmark SENSEX. Mazagon Dock Shipbuilders Ltd has added 21.8% over last one month compared to 2.73% gain in BSE PSU index and 2.7% rise in the SENSEX. On the BSE, 32529 shares were traded in the counter so far compared with average daily volumes of 90682 shares in the past one month. The stock hit a record high of Rs 5859.95 on 05 Jul 2024. The stock hit a 52-week low of Rs 1797.1 on 14 Mar 2024.Powered by Capital Market - Live

Mazagon Dock Shipbuilders has fixed 27 December 2024 as record date for the purpose of determining the eligibility of shareholders for sub-division/ split of existing 1 (One) equity share of face value of Rs. 10 each fully paid up into 2 (Two) equity shares of face value of Rs. 5/- each fully paid up. Powered by Capital Market - Live

Mazagon Dock Shipbuilders Ltd gained 3.41% today to trade at Rs 4115.15. The BSE Capital Goods index is up 0.79% to quote at 66586.57. The index is down 7.29 % over last one month. Among the other constituents of the index, Suzlon Energy Ltd increased 2.58% and Bharat Dynamics Ltd added 2.29% on the day. The BSE Capital Goods index went up 36.16 % over last one year compared to the 18.11% surge in benchmark SENSEX. Mazagon Dock Shipbuilders Ltd has lost 9.18% over last one month compared to 7.29% fall in BSE Capital Goods index and 4.53% drop in the SENSEX. On the BSE, 8729 shares were traded in the counter so far compared with average daily volumes of 1.44 lakh shares in the past one month. The stock hit a record high of Rs 5859.95 on 05 Jul 2024. The stock hit a 52-week low of Rs 1797.1 on 14 Mar 2024.Powered by Capital Market - Live

Net profit of Mazagon Dock Shipbuilders rose 75.76% to Rs 585.08 crore in the quarter ended September 2024 as against Rs 332.88 crore during the previous quarter ended September 2023. Sales rose 50.84% to Rs 2756.83 crore in the quarter ended September 2024 as against Rs 1827.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2756.831827.70 51 OPM %18.529.66 - PBDT763.84426.83 79 PBT740.49406.64 82 NP585.08332.88 76 Powered by Capital Market - Live

Profit before tax stood at Rs 740.49 crore in second quarter of FY25, registering a growth of 82.1% on YoY basis. EBITDA soared 78.74% YoY to Rs 765 crore in the quarter ended 30 September 2024. Operating margin improved to 17.64% in Q2 FY25 as compared with 8.49% registered in Q2 FY24. Total expenses were at Rs 2,270.62 crore in September 2024 quarter, up 35.76% YoY. Cost of materials consumed was at Rs 1,367.95 crore (up 46.62% YoY) while power and fuel expenses stood at Rs 5.03 crore (up 6.12% YoY) during the period under review. The shipbuilding company's total order book stood at Rs 39,872 crore as on 30 September 2024. Mazagon Dock Shipbuilders is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers. Powered by Capital Market - Live

Mazagon Dock Shipbuilders will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live

Mazagon Dock Shipbuilders announced that the Board of Directors of the Company at its meeting held on 22 October 2024, inter alia, have recommended the interim dividend of Rs 23.19 per equity Share (i.e. 231.9%) , subject to the approval of the shareholders.Powered by Capital Market - Live