President of India’s portfolio company bags new order worth approx. Rs 348,70,50,000 from European client!

The stock has delivered 79.68 per cent returns in just 6 months and a multibagger returns of 860.88 per cent in 3 years

Mazagaon Docks Shipyard Ltd. (MDL), a titan of Indian shipbuilding with a legacy spanning over 60 years, has secured a landmark deal with a European client on December 15 that promises to propel them further onto the global stage. This significant contract involves the design, construction, and delivery of three (3) cutting-edge 7,500 DWT Multi-Hybrid Powered Vessels, marking a new chapter in their journey towards international recognition and technological excellence. MDL mentions an approx. USD 42 million figure as the order value (Rs 348.7 crore), highlighting the substantial nature of the deal.

The specifics of the order are quite impressive. Each vessel boasts a substantial 7,500 DWT capacity, making them capable workhorses for various maritime tasks. What truly sets them apart, however, is their multi-hybrid propulsion system. This innovative technology utilizes a combination of power sources, ensuring both efficiency and a reduced environmental footprint - a crucial aspect in today's eco-conscious maritime landscape.

The first vessel is slated to grace the waters within 27 months of contract effectivity, with subsequent deliveries following at two-month intervals. This rapid pace underscores MDL's commitment to timely execution and their impressive production capabilities.

Beyond the sheer size and complexity of the order, its international origin holds immense significance. Securing a contract from a European client is a testament to MDL's ability to compete and win on the global stage. This accomplishment is not only a feather in their cap but also opens doors to potential future collaborations and market expansion.

To fully grasp the impact of this deal, it's crucial to understand the pedigree of Mazagaon Docks. With over 800 vessels delivered since 1960, including 28 warships and 7 submarines, they boast a remarkable track record of building some of India's most formidable maritime assets. Their expertise extends to a wide range of vessels, from advanced Destroyers to Missile Boats, further solidifying their position as a leader in the Indian shipbuilding industry.

Looking ahead, the future seems bright for Mazagaon Docks. With a robust order book exceeding Rs 37,500 crores and an anticipated 12-15 per cent increase in revenue, they are poised for sustained growth. Their continuous pursuit of indigenization, aiming to reach 60 per cent in their components, further strengthens their position as a self-reliant and future-oriented shipyard.

The stock has delivered 79.68 per cent returns in just 6 months and a multibagger returns of 860.88 per cent in 3 years. Investor should keep an eye on this Ship-building stock.

Disclaimer: The article is for informational purposes only and not investment advice.