Hot Pursuit     03-Sep-21
Mazagon Dock soars after partnership with Russia's Zvezda for commercial ships
Mazagon Dock Shipbuilders jumped 5.16% to Rs 253.75 after Prime Minister Narendra Modi said that the company will partner Russia's Zvezda for construction of commercial ships.

On the BSE, over 2.71 lakh shares of the company were traded in the counter so far as against an average trading volume of 0.38 lakh shares in the past two weeks.

On the NSE, over 31.06 lakh shares of Mazagon Dock changed hands in the counter as compared with an average trading volume of 19.83 lakh shares in the past three months.

Prime Minister Narendra Modi delivered a video-address during the plenary session of the 6th Eastern Economic Forum (EEF) held on 3 September 2021 in Vladivostok, Russia.

In his virtual address Modi said, "one of the India's biggest ship yards Mazagon Docks Limited will partner with ‘Zvezda' for construction of some of the most important commercial ships in the world."

Zvezda is the largest shipyard in Russia, designed for the construction of all types of sea-going vessels and production platforms for operation in the Russian shelf.

Mazagon Dock Shipbuilders is one of India's leading defence public sector undertaking shipyard under the Ministry of Defence. Main activities are construction of warships and submarines with facilities situated at Mumbai and Nhava (under development). It has the capability to build warships, submarines, merchant ships upto 40,000 DWT since 1979. As of 30 June 2021, the Government of India held 84.83% stake held in Mazagon Dock Shipbuilders.

The company's consolidated net profit surged to Rs to Rs 101.60 crore in the quarter ended June 2021 as against Rs 14 crore during the previous quarter ended June 2020. Sales rose 216.26% YoY to Rs 1214.24 crore in Q1 FY22 over Q1 FY21.

Previous News
  Mazagon Dock Shipbuilders to conduct board meeting
 ( Corporate News - 20-May-24   10:58 )
  Mazagon Dock bags Rs 1,070 cr contract from Defence Ministry
 ( Hot Pursuit - 25-Jan-24   08:51 )
  Mazagon Dock bags Rs 1,145-cr order from ONGC
 ( Hot Pursuit - 11-Dec-23   10:00 )
  Mazagon Dock bags Rs 1,600-cr order from Defence Ministry
 ( Hot Pursuit - 21-Dec-23   08:42 )
  Mazagon Dock Shipbuilders secures ONCG contract worth Rs 1145.10 cr
 ( Corporate News - 09-Dec-23   12:50 )
  Mazagon Dock gains on plan to lease land parcel from Mumbai Port Authority
 ( Hot Pursuit - 22-Mar-24   11:40 )
  Mazagon Dock Shipbuilders wins contract worth Rs 310 cr from MoD
 ( Corporate News - 17-Oct-23   18:45 )
  Mazagon Dock bags Rs 1,145-cr order from ONGC
 ( Hot Pursuit - 09-Dec-23   10:26 )
  Board of Mazagon Dock Shipbuilders recommends final dividend
 ( Corporate News - 31-May-23   11:25 )
  Mazagon Dock Shipbuilders announces appointment of director
 ( Corporate News - 24-Feb-23   12:34 )
  Mazagon Dock Shipbuilders consolidated net profit declines 3.79% in the September 2020 quarter
 ( Results - Announcements 12-Nov-20   18:15 )
Other Stories
  Volumes soar at Medplus Health Services Ltd counter
  05-Jul-24   14:30
  Financials stocks slide
  05-Jul-24   14:00
  Banking stocks edge lower
  05-Jul-24   14:00
  Real Estate stocks slide
  05-Jul-24   14:00
  Angel One client base climbs 64% YoY in Jun'24
  05-Jul-24   13:09
  SBI Life Insurance Company Ltd gains for third straight session
  05-Jul-24   13:05
  Marico Ltd soars 1.27%, Gains for third straight session
  05-Jul-24   13:05
  L&T Technology Services Ltd up for third straight session
  05-Jul-24   13:05
  Vedanta Ltd soars 1.36%, rises for third straight session
  05-Jul-24   13:05
  Hindustan Zinc Ltd soars 1.2%, Gains for third straight session
  05-Jul-24   13:05
Back Top