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Mazagon Dock Shipbuilders is currently trading at Rs. 4286.60, up by 64.65 points or 1.53% from its previous closing of Rs. 4221.95 on the BSE.

The scrip opened at Rs. 4269.70 and has touched a high and low of Rs. 4349.70 and Rs. 4230.00 respectively. So far 54848 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5859.95 on 05-Jul-2024 and a 52 week low of Rs. 1742.00 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 4428.80 and Rs. 3967.20 respectively. The current market cap of the company is Rs. 86446.35 crore.

The promoters holding in the company stood at 84.83%, while Institutions and Non-Institutions held 3.27% and 11.90% respectively.

Mazagon Dock Shipbuilders (MDL) has commenced the production activity for the first Multipurpose Cargo Vessel (MPV) for Navi Merchants, Denmark. The first vessel is scheduled for delivery in April 2026.

MDL has signed a contract with Navi Merchants, Denmark to design, build, and deliver a total of 6 + (4 optional) vessels, each with a capacity of 7500 DWT. The project is valued at $86.05 million (Rs 700 crore approximately). Each vessel will feature a hybrid propulsion drive, built to meet stringent emission standards and shall be classified under DNV (Det Norske Veritas).

The vessels will be designed as Ice Class 1B, equipped with a single screw, controllable pitch, medium-speed diesel engine, and will include Electrical Energy Storage systems to comply with DNV Class notation Battery (Safety) for unrestricted global operations.

These versatile vessels will be capable of transporting a wide range of cargoes, including dry bulk, project cargo, containers, steel products, general cargo (including packaged, palletized, and bagged goods), forest products, and dangerous cargo.

Mazagon Dock Shipbuilders is the India's leading defence public sector undertaking shipyard under the Ministry of Defence.