India :
- Mazagon Dock Shipbuilders Limited (MDL) has signed a contract with Acquisition wing of Ministry of Defence for Construction and Delivery of Fourteen (14) Fast Patrol ‘Vessels (FPVs) for Indian Coast Guard (ICG) on 24 January, 2024.
- The first vessel is scheduled for delivery 24 months from the date of release of advance payment by the Buyer to the Seller. Subsequent vessels will be delivered at intervals of three (03) months following the execution of the order.
- size of the order is Approx. INR 1070 Cr.
About Mazagon Dock Shipbuilders :
- Mazagon Dock Shipbuilders Limited, located in Mumbai and certified with ISO 9001:2015 standards, stands as one of India’s foremost shipbuilding yards. Its rich history traces back to 1774 when a small dry dock was first constructed in Mazagon.
- Over the centuries, Mazagon Dock (MDL) has garnered acclaim for its commitment to quality workmanship and has become synonymous with skilled and resourceful service, particularly within the shipping industry, including the Indian Navy and Coast Guard. Originally incorporated as a Private Limited Company in 1934, MDL experienced significant growth after its acquisition by the Government in 1960.
- Under government ownership, Mazagon Dock rapidly ascended to become the premier warship-building facility in India. It played a pivotal role in producing warships for the Navy and offshore structures for projects like the Bombay High.
- From its humble beginnings as a single unit ship repair company, MDL has evolved into a multi-unit, multi-product enterprise, marked by a substantial increase in production capacity, adoption of modern technology, and enhancement in product sophistication. The company’s diverse portfolio encompasses designs tailored to meet the needs of both domestic and international clients.
- Since 1960, MDL has delivered a total of 801 vessels, including 27 warships ranging from advanced destroyers to missile boats, and 7 submarines. Additionally, Mazagon Dock has contributed to various maritime projects, fabricating and delivering cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges, and border outposts, catering to clients both within India and abroad.
- The company has also ventured into fabrication projects, providing jackets, main decks for wellhead platforms, process platforms, and jack-up rigs, among others. This rich history and diverse portfolio underscore MDL’s position as a cornerstone of India’s maritime industry.