Mazagon Dock Shipbuilders Limited — Updates, 13-01-2025: Press Release

Mazagon Dock Shipbuilders Ltd (MDL) has begun the construction of a training ship for the Indian Coast Guard, marking a significant milestone with the keel laying ceremony. The project, valued at ₹310 crores, was initiated on April 26, 2024, and involves designing, building, and delivering a ship capable of operating in ocean environments. This vessel will support training for Coast Guard under trainee officers and will include features such as two diesel engines, allowing for speeds over 20 knots, and accommodating a total of 223 personnel, including trainee officers and training staff. It is classified under dual class (ABS & IRS) and is scheduled for delivery in December 2026. This achievement demonstrates MDL's ongoing commitment to enhancing defense capabilities and providing essential training services. Investors should monitor this development closely as it signifies MDL's expanding role in naval training infrastructure.