Time period for 1st vessel delivery is 27 months after contract effectiveness and the firm will deliver subsequent vessels at intervals of two months.

Mazagon Dock Shipbuilders build maritime capability to strengthen national security and help the nation sail through new economic heights. Mazagon Dock is the ship builder to the nation.

The company’s consolidated net profit jumped 55.6% to Rs 332.88 crore in Q2 FY24 as compared with Rs 213.90 crore in Q2 FY23. Net sales increased 7.4% YoY to Rs 1,827.70 crore in Q2 FY24.