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Mazagon Dock Shipbuilders Ltd.

BSE: 543237 Sector: Others
NSE: MAZDOCK ISIN Code: INE249Z01012
BSE 00:00 | 05 Jul 252.50 -2.60
(-1.02%)
OPEN

259.90

HIGH

259.90

LOW

250.80

NSE 00:00 | 05 Jul 252.70 -2.60
(-1.02%)
OPEN

259.50

HIGH

259.50

LOW

250.60

OPEN 259.90
PREVIOUS CLOSE 255.10
VOLUME 38705
52-Week high 342.25
52-Week low 221.00
P/E 8.54
Mkt Cap.(Rs cr) 5,093
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 259.90
CLOSE 255.10
VOLUME 38705
52-Week high 342.25
52-Week low 221.00
P/E 8.54
Mkt Cap.(Rs cr) 5,093
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Mazagon Dock Shipbuilders Ltd. (MAZDOCK) - Company History

Mazagon Dock Shipbuilders Limited formerly known as Mazagon Dock Limited was incorporated as a Private Limited Company on February 26 1934 in Mumbai. The Company is one of India's leading defence public sector undertaking shipyards under the Ministry of Defence (MoD). The Company is principally engaged in building and repairing of ships submarines various types of vessels and related engineering products for its customers. At present MDL is handling two Shipbuilding projects for Indian Navy comprising of four ships of P15B & four ships of P17A each. Besides MDL is also handling construction of six Scorpene class Submarines for the Indian Navy out of which three Submarines have already been delivered. The Company have the capability to build warships submarines merchant ships upto 40000 DWT since 1979.In 1960 Mazagon Dock Shipbuilders Limited was taken over by the Government of India (GoI) for Indigenous production of warships for the Indian Navy. In 1972 the Company delivered the first frigate INS Nilgiri. In 1984 the Company inaugurated undertaking submarine construction.In 1992 the Company commissioned first Indian built submarine INS Shalki.In 1997 the Company delivered first Delhi class Destroyer under project P15. In 1998 the Company was accredited with ISO certification for shipbuilding.In 2000 the Company upgraded to Schedule `A' status from Schedule `B'.In 2006 the Company received Award for Mini Ratna Category - I status. In 2007 the Company was awarded for Excellence & Outstanding contribution to the Public Sector Management - Special Institutional Category.In 2008 the Company bagged award for Raksha Mantri for Best Performing Shipyard.In 2009 the Company implemented enterprise resource planning (ERP_ and systems applications and products.In 2010 the Company moved on in delivering its first Shivalik class Frigate under project P17 and was accredited with the Institute of Directors (IOD) the Golden Peacock Award for Innovative Product/Service with ISO Certification for submarine division.In 2011 the Company signed an agreement of shipbuilding contract for construction and delivery of four P15 B misile destroyers with the MoD.In 2012 the Company was awarded the Golden Peacock for Corporate Social Responsibility awarded by Institute of Directors (IOD) the BT-STAR PSU Excellence Award for excellence in Innovation (Tech/R&D) and awarded by Bureaucracy Today; QCFI- Special Awards for Best Organization for Promoting 5S concept awarded by Quality Circle Forum of India. In 2013 the Company received Excellence in Innovation as the Most influential company of the Year awarded by SAP Media Worldwide Limited.In 2014 it delivered first Kolkata class Destroyer under project P-15A.In 2015 the Company launched first destroyer class ship Vishakhapatnam under P15 B project and further signed contract for construction and delivery of four frigates with the MoD.In 2016 the Company inaugurated new submarine section assembly workshop at Alcock Yard.In 2017 the Company authorized the production of first P-75 Scorpene class submarine INS Kalvari. A Memorandum of Understanding (MoU) dated November 24 2017 was entered between Bharat Electronics (BEL) Hindustan Aeronautics Limited (HAL) and the Company for establishment of 150 MW grid connected solar power plant at the land/ estate of the Ordnance Factory Board under the developer mode wherein BEL shall be the nodal agency for implementation and responsible for operation and technical scope of the project. In the said project the Companies HAL and BEL are entitled to share the investments in the ratio of 25:25:50. In 2019 the Company took the initiative in commissioning second P-75 Scorpene class submarine INS Khanderi and launching of INS Nilgiri first Frigate of Project 17 A. On 12th October 2020 the Indian Chamber of Commerce conferred the Mazagaon Dock Shipbuilders Limited 10th PSE Excellence Award for being the Runner up in Corporate Social Responsibility under Miniratna I II & others category. 11 MDL Quality Circle teams participated virtually at National Convention on Quality Concepts (NCQC-2020) held in the year of 2020 in December. 10 QC teams won Par Excellence (highest) award and 01 QC team won Excellent award from M/s Quality Circle Forum of India (QCFI) Hyderabad. Besides the MDL was awarded 2nd Prize for Rajbhasha Patrika `Jal Tarang' and 3rd Prize for Rajbhasha Implementation in the year on 12 July 2020. The Company executed and completed trials for three major R&D projects through Industry-Academia participation with IIT Madras Chennai through their incubated start-ups belonging to the Tamil Nadu Corridor. The Company ventured into the area of Artificial Intelligence (AI) also through these projects. The product developed through the first Project i.e. AI enabled weld inspection tool with computerized radiography to replace manual radiography (RT) was launched during the Defexpo 2020 at Lucknow. The second project fruitfully concluded by developing an AI enabled robotic weld inspection tool employing phased array technique and this can replace computerized radiography in consultation with the Indian Navy. The product also was at display during Defexpo 2020. An AI enabled Remotely Operated Vehicle (ROV) is the third project which was also displayed during DEFEXPO 2020. This AI ROV can detect and classify underwater images thus making the inspections quick and safe. In 2021 the Company authorized the commissioning of of third P-75 Scorpene class submarine INS Karanj. In FY 2021 the Company successfully put to use its infrastructure under Mazdock Modernisation Project (MMP) comprising of a new Wet Basin Heavy Duty Goliath Crane Module Workshop Cradle Assembly Shop Store Building and associated ancillary structures. Submarine Section Assembly (SSA) workshop an eco-friendly green concept building has already been completed and put to use. Besides the Company replaced piped services of Mumbai Yard towards fire safely. The company commissioned a new Canteen facility with a seating capacity of 500 workers a major infrastructure additions.The Company in partnership with IIT Madras Chennai(IITM) has designed and developed two Artificial Intelligence enabled product comprising of AI-enabled Computerized radiography and AI-enabled advance phase array ultrasonic testing(APAUT) to improve the quality assurance of weld with less time less labor consumption & higher efficiency. With the increased capacity and well trained personnel the Company is poised to tap export markets for marine platforms and heavy engineering products along with offering services in shipbuilding ship repairs and refits.The submarine division have setup an in-house Fluid Testing Laboratory for testing the cleanliness pH and water content of hydraulic oil used in P75 submarine.During the year 2020-21 the Company had signed Memorandum of Understanding (MoU) with the Ministry of Defence Government of India required to be achieved under Project 75 (submarines) and shipbuilding projects of 15B and 17A.

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