31-Oct-2026 11:07:07
MAZAGON DOCK: SIGNS ₹30,000 CR MOUS; PLANS ₹20,000 CR SHIPBUILDING HUBS
• MoU Agreements: Signed MoUs worth ₹30,000 Cr with Maharashtra and Andhra Pradesh governments for proposed shipbuilding projects • Shipbuilding Expansion: Plans to establish commercial shipbuilding hubs at Dighi in Maharashtra and Dugarajapatnam in Andhra Pradesh • Project Investment: Initial investment estimated at ₹20,000 Cr across both shipbuilding clusters • Joint Venture: Plans 50:50 partnership with the Maritime Investment Fund (MIF), managed by SBI Ventures • Funding Structure: Projects expected to be financed through approximately 70% debt and 30% equity • MDL Investment: Company's equity contribution expected to be around ₹3,000 Cr, supported by existing cash reserves • Project Timeline: Initial development expected over 5–7 years, with regulatory approvals targeted by December 2026 • Strategic Partners: Exploring equity partnerships with large corporations, shipping customers and international maritime equipment manufacturers • Global Interest: Companies from the US and Germany have expressed interest in proposed shipbuilding projects • IPO Plans: Exploring a future IPO of the shipbuilding venture to raise additional capital after operations commence • Production Capacity: Proposed shipbuilding hubs expected to support combined annual output of approximately 4.5 million gross tonnage • Ownership Strategy: MDL intends to maintain at least 26% equity ownership in the venture
MAZAGON DOCK SHIPBUIL LTD