IPO Central

Mazagon Dock Shipbuilders is a defence public sector undertaking shipyard with a maximum shipbuilding and submarine capacity of 40,000 DWT (Dead Weight Tonnage), engaged in the construction and repair of warships and submarines for the MoD for use by the Indian Navy and other vessels for commercial clients. The company was conferred with the ‘Mini-ratna-I’ status in 2006 and is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy.

The company’s business divisions include (i) shipbuilding and (ii) submarine and heavy engineering. The shipbuilding division includes the building and repair of naval ships. It is currently building four P-15 B destroyers and four P-17A stealth frigates and undertaking repair and refit of a ship for the MoD for use by the Indian Navy. The submarine and heavy engineering division includes building, repair and refits of diesel electric submarines. It is currently in the process of delivering five Scorpene class submarines under a technology transfer agreement with Naval Group as well as one medium refit and life certification of a submarine for the MoD for use by the Indian Navy. Since 1960, the company has built a total of 795 vessels including 25 warships, from advanced destroyers to missile boats and three submarines. Mazagon Dock has also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges and border outposts for various customers in India as well as abroad.

Promoter of Mazagon Dock Shipbuilders – The President of India