Deals18 Mar 2026, 04:41 pm
Mazagon Dock Shipbuilders Secures USD 39 Million Contract with Shipping Corporation of India
AI Summary
Mazagon Dock Shipbuilders Ltd (MDL) has entered into a contract with Shipping Corporation of India Ltd (SCI) for the construction and sale of one 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV). The contract value is approximately USD 39 million. The vessel will be constructed and delivered as per the mutually agreed contractual schedule between the parties. This contract is in the ordinary course of business of the Company, but it is being disclosed due to its materiality in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015.
Key Highlights
- MDL has secured a contract worth approximately USD 39 million with SCI
- The contract is for the construction and sale of a 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV)
- The vessel will be constructed and delivered as per the mutually agreed contractual schedule
- This contract is in the ordinary course of business for MDL
- The disclosure is being made due to the materiality of the contract in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015