Mazagon Dock Shipbuilders on Wednesday announced that the commissioning of the 3rd Scorpene Submarine Karanj is scheduled on 10 March 2021.
Further, the company said that the sea trials of first ship Visakhapatnam of Project P-15B, which is due for delivery later this year, have commenced.
The defense PSU reported 32.3% fall in consolidated net profit to Rs 141.37 crore on 19.3% decline in net sales to Rs 1,461.09 crore in Q3 FY21 over Q3 FY20.
Shares of Mazagon Dock Shipbuilders rose 0.28% to Rs 232.30 on BSE.
Mazagon Dock Shipbuilders, a public sector undertaking under the Ministry of Defence (MoD), is engaged in the construction and repair of warships and submarines for use by the Indian Navy and other vessels for commercial clients. The company was conferred with the 'Mini-ratna-I' status in 2006 by the Department of Public Enterprises.
As of 31 December 2020, the Government of India held 84.83% stake held in Mazagon Dock Shipbuilders.
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