Mazagon Dock Shipbuilders rises on receiving Notification of Award of Contract from ONGC
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Mazagon Dock Shipbuilders is currently trading at Rs. 5009.15, up by 91.90 points or 1.87% from its previous closing of Rs. 4917.25 on the BSE.
The scrip opened at Rs. 4997.70 and has touched a high and low of Rs. 5059.60 and Rs. 4950.00 respectively. So far 23875 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. 1714.35 on 11-Aug-2023.
Last one week high and low of the scrip stood at Rs. 5150.00 and Rs. 4537.85 respectively. The current market cap of the company is Rs. 99176.02 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 received a Notification of Award of Contract on August 8, 2024 from Oil and Natural Gas Corporation (ONGC) for Wellhead Platforms and Associated Pipeline Project (DSF-II) on EPC reimbursable basis (OBE) at the ceiling price of Rs 4676.33 crore including all taxes and duties (GST at 12%). The said order is expected to be completed by May 31, 2026.
Mazagon Dock Shipbuilders is the India's leading defence public sector undertaking shipyard under the Ministry of Defence.
