Corporate News     25-Jan-24
Mazagon Dock Shipbuilders wins contract of Rs 1070 cr from Ministry of Defence
Mazagon Dock Shipbuilders (MDL) has signed a contract worth Rs 1070 crore with Acquisition wing of Ministry of Defence for Construction and Delivery of Fourteen (14) Fast Patrol Vessels (FPVs) for Indian Coast Guard (ICG) on 24 January 2024.

Ist vessel delivery is T0 +24 months and delivery of subsequent vessels at intervals of three (03) months, where T0 is the date of release of advance payment by the Buyer to the Seller.

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