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Mazagon Dock Shipbuilders shares will remain in the spotlight on Tuesday after the Ministry of Defence signed two major contracts worth Rs 2,867 crore on Monday with Mumbai-based Mazagon Dock Shipbuilders Limited and Naval Group, France. These agreements are aimed at enhancing the capabilities of the Indian Navy 's submarines, particularly the Kalvari-Class, through advanced technologies like Air Independent Propulsion (AIP) and Electronic Heavy Weight Torpedo (EHWT) systems. The first contract, valued at around Rs 1,990 crore, was signed with Mazagon Dock Shipbuilders Limited (MDL), Mumbai, for the construction of an AIP Plug and its integration with the DRDO-developed AIP system onboard Indian submarines.
This technology, which is being indigenously developed by the Defence Research and Development Organisation ( DRDO ), is expected to enhance the endurance of India's conventional submarines. The integration of AIP systems allows submarines to stay submerged for longer durations without the need for surfacing, thus improving stealth and operational capabilities, noted the Defence Ministry press release. The project is expected to create significant employment opportunities, generating nearly three lakh man-days.
It also aligns with India’s broader ‘ Aatmanirbhar Bharat ’ initiative, which aims to reduce reliance on foreign defence technologies and promote indigenous defence production . Stock Trading Masterclass on Value Investing and Company Valuation By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.
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This enhancement will substantially improve the firepower capabilities of these submarines. The integration of EHWT will be a collaborative effort by the Indian Navy, DRDO and Naval Group, France. It would greatly augment the firepower capabilities of Kalvari class submarines of the Indian Navy.
In the September quarter of FY25, the state-run defence company's net profit increased by 76% year-on-year (YoY) to Rs 585 crore, while revenue grew by 51% from the year-ago period to Rs 2,757 crore. The EBITDA margin for the quarter more than doubled on a YoY basis to 18.5% from 9.
6% in the September quarter last year. Mazagon Dock's order book position remains strong at Rs 39,872 crore at the end of the quarter. Also Read: FPI selling makes 2024 second-worst year in a decade (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
