Launch of fourth warship of project Udaygiri and surat by MDL

NEW DELHI- Mazagon Dock Shipbuilders Limited (MDL), is a Defence Public Sector undertaking having a rich legacy of building and delivering close to 800 ships both in the civil and defence sectors since inception. Currently three major projects for the Indian Navy comprising of Destroyers, Frigates and Submarines are under various stages of construction in the yard. For FY 2021-22, the shipyard has recorded the highest ever turnover of Rs 5605 Cr (provisional & unaudited) reflecting a growth of 38.5% over the last financial year. 

Being a labour intensive industry, the Covid-19 pandemic had posed an unprecedented challenge for the operations of the Shipyard. Despite all odds MDL have delivered three (03) defence platforms (2 Scorpene Submarines & 1 Missile guided Destroyer) in a single calendar year of 2021 which is a remarkable feat by any measure.

In FY 2021-22 MDL has declared an interim dividend of Rs. 7.10 per equity share of Rs. 10 each against Rs. 5.41 per equity share in FY 2020-21  (total dividend paid for FY 2020-21 Rs.7.24 per equity share). Final dividend for FY 2021-22, if any, shall be declared post finalization of annual accounts. MDL is a zero-debt company with a consistent profit track record.

The shipyard is currently building 03 nos. of ‘P15B’ Visakhapatnam Class Destroyers (one out of four already delivered to IN), 04 nos. of ‘P17A’ Nilgiri Class Advanced Stealth Frigates, 02 nos. of ‘P75’ Scorpene Class Conventional Submarines (four out of six already delivered to IN). In addition, MDL is also carrying out Medium Refit & Life Certification of Submarine INS Shishumar. These projects constitute MDL’s robust order book position of Rs. 45,957 Cr approx. as on 31 Mar 2022.

In an unprecedented double launch on a single day, the 4th ship of P15B project and the 2nd ship of P17A project are scheduled for launch on 17 May 2022.The launch of the Destroyer and Frigate marks an important milestone in the life cycle of build and both the platforms are envisaged to render a potent cutting edge for the blue water capabilities of the Indian Navy once commissioned. MDL as a Shipyard continues its saga of excellence to provide vital combat ORBAT for strengthening the maritime defence capability of the country. 

The Shipyard had modernized its infrastructure and facility for undertaking Integrated Construction and have also implemented several technology components of Industry 4.0 notably, the Product Data Management (PDM) / Product Lifecycle Management (PLM), Virtual Reality Lab (VRL) and Augmented Reality for inspections. With these entablements, MDL presently has an aggregate capacity to build 10 Capital Warships and 11 Submarines simultaneously.

MDL has a strong future outlook considering the force level requirements of the Indian Navy and Indian Coast Guard based on their Perspective Plans. In this context, MDL is a strong contender for construction of 06 nos. P 75(I) Submarines fitted with AIPS, New Generation Corvettes and New Generations Destroyers. MDL has also revitalized its Repair and Maintenance Verticals for Commercial Ships besides Ships and Submarines of Indian Navy and Indian Coast Guard.

MDL is also exploring opportunities for manufacturing niche products under the Make In India initiative which is envisaged to take us forward in our journey towards technological self-reliance. MDL has also embarked recently on a diversified business for construction of Shipping Containers for Container Corporation of India Ltd (CONCOR) which has significant market potential.