Business Update21 Mar 2024, 10:02 pm
Mazagon Dock Shipbuilders Accept Mumbai Port Authority's Offer for 14.55-Acre Land for Rs. 354 Crores
AI Summary
Mazagon Dock Shipbuilders Limited (MDL) has accepted the offer from Mumbai Port Authority (MbPA) for the allotment of a 14.55-acre plot of land and buildings adjacent to MDL's Mumbai Yard. The term of the lease is for 29 years, starting from April 1, 2024. The total allotment cost comes in at approximately Rs. 354 Crores.
Key Highlights
- Mazagon Dock Shipbuilders Limited (MDL) accepts offer from Mumbai Port Authority (MbPA)
- The offer pertains to the allotment of a 14.55-acre land and buildings adjacent to MDL Mumbai Yard
- Lease term for 29 years starting from April 1, 2024
- Total allotment cost: Rs. 354 Crores (Approx.)