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Mazagon Dock Says INS Taragiri Was Formally Commissioned Into Indian Navy
April 3 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK - INS TARAGIRI WAS FORMALLY COMMISSIONED INTO INDIAN NAVY
Source text: ID:nBSE6pRmQv
Further company coverage: MAZG.NS
April 3 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK - INS TARAGIRI WAS FORMALLY COMMISSIONED INTO INDIAN NAVY
Source text: ID:nBSE6pRmQv
Further company coverage: MAZG.NS
Mazagon Dock Signs Contract With SCI For 3000 DWT Methanol Dual Fuel PSV
March 18 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
SIGNS CONTRACT WITH SCI FOR 3000 DWT METHANOL DUAL FUEL PSV
CONTRACT VALUE ABOUT USD 39 MILLION
Source text: ID:nBSE8Pb7bg
Further company coverage: MAZG.NS
March 18 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
SIGNS CONTRACT WITH SCI FOR 3000 DWT METHANOL DUAL FUEL PSV
CONTRACT VALUE ABOUT USD 39 MILLION
Source text: ID:nBSE8Pb7bg
Further company coverage: MAZG.NS
Mazagon Dock Says CNC Negotiations With Government Completed, Proposal Pending Approval
March 5 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
CNC NEGOTIATIONS WITH GOVERNMENT COMPLETED, PROPOSAL PENDING APPROVAL
Source text: ID:nBSELv5gz
Further company coverage: MAZG.NS
March 5 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
CNC NEGOTIATIONS WITH GOVERNMENT COMPLETED, PROPOSAL PENDING APPROVAL
Source text: ID:nBSELv5gz
Further company coverage: MAZG.NS
Mazagon Dock Declares Dividend Of 7.5 Rupees Per Share
Feb 5 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK - DIVIDEND 7.5 RUPEES PER SHARE
Source text: ID:nBSE37HTh1
Further company coverage: MAZG.NS
Feb 5 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK - DIVIDEND 7.5 RUPEES PER SHARE
Source text: ID:nBSE37HTh1
Further company coverage: MAZG.NS
Mazagon Dock Clarifies On Report India, Germany In Talks For $8 Billion Submarine Deal
Jan 12 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK - CLARIFIES ON REPORT INDIA, GERMANY IN TALKS FOR $8 BILLION SUBMARINE DEAL
MAZAGON DOCK - NEGOTIATIONS FOR PROJECT P75(I) ARE ONGOING
MAZAGON DOCK - NOT AWARE OF ANY OTHER MATERIAL DEVELOPMENTS AS REFERRED IN NEWS REPORT
Source text: ID:nBSE4fXM97
Further company coverage: MAZG.NS
Jan 12 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK - CLARIFIES ON REPORT INDIA, GERMANY IN TALKS FOR $8 BILLION SUBMARINE DEAL
MAZAGON DOCK - NEGOTIATIONS FOR PROJECT P75(I) ARE ONGOING
MAZAGON DOCK - NOT AWARE OF ANY OTHER MATERIAL DEVELOPMENTS AS REFERRED IN NEWS REPORT
Source text: ID:nBSE4fXM97
Further company coverage: MAZG.NS
Germany's Uniper nears agreement to buy green ammonia from India, sources say
FRANKFURT, Jan 9 (Reuters) - State-owned German utility Uniper UN0k.DE is nearing a deal to buy green ammonia from India as part of Chancellor Friedrich Merz's planned visit to the country next week, two people familiar with the matter said.
Green ammonia, made with renewable electricity, can be used to make the green hydrogen Germany is partly betting on as an alternative to fossil fuels.
The sources did not provide any details about the volume of the planned ammonia agreement, only saying it was in line with further diversifying the group's supply base.
Uniper declined to comment on the agreement, which was first reported by business newspaper Handelsblatt.
Uniper, which was bailed out by Berlin during Europe's energy crisis, in 2023 signed a preliminary agreement with India's Greenko Group to purchase 250,000 metric tons of green ammonia per year.
The trip to India on Sunday will be Merz's first as chancellor to what has become the world's fourth-biggest economy and an increasingly important trading partner for Berlin.
Among the biggest potential business deals for the two countries is a roughly $8 billion submarine cooperation between Germany's TKMS TKMS.DE and India's Mazagon Dock Shipbuilders (MDL) MAZG.NS.
The deal, which covers the construction of six submarines - and an option for an additional three - has reached a critical stage as the partnership, the only remaining consortium in the process, recently started contract negotiations with India's procurement authority.
"This initiative is expected to deepen strategic and industrial ties between India and Germany, highlighting both nations' commitment to technological cooperation and maritime security," TKMS said in a statement.
"TKMS as the technology provider will be supporting MDL to achieve the project requirements, leveraging its supply chain and the industrial base in India."
(Reporting by Christoph Steitz, additional reporting by Shivam Patel; Editing by Kirsten Donovan)
FRANKFURT, Jan 9 (Reuters) - State-owned German utility Uniper UN0k.DE is nearing a deal to buy green ammonia from India as part of Chancellor Friedrich Merz's planned visit to the country next week, two people familiar with the matter said.
Green ammonia, made with renewable electricity, can be used to make the green hydrogen Germany is partly betting on as an alternative to fossil fuels.
The sources did not provide any details about the volume of the planned ammonia agreement, only saying it was in line with further diversifying the group's supply base.
Uniper declined to comment on the agreement, which was first reported by business newspaper Handelsblatt.
Uniper, which was bailed out by Berlin during Europe's energy crisis, in 2023 signed a preliminary agreement with India's Greenko Group to purchase 250,000 metric tons of green ammonia per year.
The trip to India on Sunday will be Merz's first as chancellor to what has become the world's fourth-biggest economy and an increasingly important trading partner for Berlin.
Among the biggest potential business deals for the two countries is a roughly $8 billion submarine cooperation between Germany's TKMS TKMS.DE and India's Mazagon Dock Shipbuilders (MDL) MAZG.NS.
The deal, which covers the construction of six submarines - and an option for an additional three - has reached a critical stage as the partnership, the only remaining consortium in the process, recently started contract negotiations with India's procurement authority.
"This initiative is expected to deepen strategic and industrial ties between India and Germany, highlighting both nations' commitment to technological cooperation and maritime security," TKMS said in a statement.
"TKMS as the technology provider will be supporting MDL to achieve the project requirements, leveraging its supply chain and the industrial base in India."
(Reporting by Christoph Steitz, additional reporting by Shivam Patel; Editing by Kirsten Donovan)
Germany's TKMS: Official Contract Negotiations With Indian Authorities On Submarine Project Have Begun
Sept 11 (Reuters) - thyssenkrupp AG TKAG.DE:
GERMANY'S TKMS: ALONG WITH MAZAGON DOCK SHIPBUILDERS (MDL) HAS BEGUN OFFICIAL CONTRACT NEGOTIATIONS WITH INDIAN PROCUREMENT AUTHORITY FOR SUBMARINE PROJECT
GERMANY'S TKMS: ORDER BACKLOG AS OF JUNE 30, 2025, HAS THUS INCREASED TO EUR 18.5 BILLION
Source text: [ID:]
Further company coverage: TKAG.DE
Sept 11 (Reuters) - thyssenkrupp AG TKAG.DE:
GERMANY'S TKMS: ALONG WITH MAZAGON DOCK SHIPBUILDERS (MDL) HAS BEGUN OFFICIAL CONTRACT NEGOTIATIONS WITH INDIAN PROCUREMENT AUTHORITY FOR SUBMARINE PROJECT
GERMANY'S TKMS: ORDER BACKLOG AS OF JUNE 30, 2025, HAS THUS INCREASED TO EUR 18.5 BILLION
Source text: [ID:]
Further company coverage: TKAG.DE
Mazagon Dock's Negotiations With Indian Navy On Submarine Project-P75(I) Have Commenced
Sept 10 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
NEGOTIATIONS WITH INDIAN NAVY ON SUBMARINE PROJECT-P75(I) HAVE COMMENCED
Source text: ID:nnAZN4HX86P
Further company coverage: MAZG.NS
Sept 10 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
NEGOTIATIONS WITH INDIAN NAVY ON SUBMARINE PROJECT-P75(I) HAVE COMMENCED
Source text: ID:nnAZN4HX86P
Further company coverage: MAZG.NS
India's Mazagon Dock Shipbuilders to buy controlling stake in Colombo Shipyard
June 28 (Reuters) - Indian state-owned Mazagon Dock Shipbuilders MAZG.NS said it would buy a controlling stake in Sri Lankan peer Colombo Dockyard DOCK.CM in a deal not exceeding $52.96 million to grow its shipbuilding and repair business.
The transaction, involving the acquisition of at least 51% equity in Colombo Dockyard, will close within six months, after which the Sri Lankan shipbuilder will become a part of Mazagon Dock Shipbuilders, according to a regulatory filing on Friday.
Colombo Dockyard was not immediately available for comment outside business hours.
Mazagon Dock Shipbuilders also builds warships and submarines, and the deal is seen giving India a strategic foothold in the Indian Ocean island nation where New Delhi and Beijing have been jostling for influence for years.
For 2024, Colombo Dockyard's turnover was 25.45 billion Sri Lankan rupees ($84.89 million), according to the filing, while Mazagon Dock Shipbuilders' revenue for the year ended March 2025 was 114.32 billion Indian rupees ($1.34 billion).
($1 = 299.8000 Sri Lankan rupees)
($1 = 85.4400 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai and Uditha Jayasinghe in Colombo; Editing by Sam Holmes)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
June 28 (Reuters) - Indian state-owned Mazagon Dock Shipbuilders MAZG.NS said it would buy a controlling stake in Sri Lankan peer Colombo Dockyard DOCK.CM in a deal not exceeding $52.96 million to grow its shipbuilding and repair business.
The transaction, involving the acquisition of at least 51% equity in Colombo Dockyard, will close within six months, after which the Sri Lankan shipbuilder will become a part of Mazagon Dock Shipbuilders, according to a regulatory filing on Friday.
Colombo Dockyard was not immediately available for comment outside business hours.
Mazagon Dock Shipbuilders also builds warships and submarines, and the deal is seen giving India a strategic foothold in the Indian Ocean island nation where New Delhi and Beijing have been jostling for influence for years.
For 2024, Colombo Dockyard's turnover was 25.45 billion Sri Lankan rupees ($84.89 million), according to the filing, while Mazagon Dock Shipbuilders' revenue for the year ended March 2025 was 114.32 billion Indian rupees ($1.34 billion).
($1 = 299.8000 Sri Lankan rupees)
($1 = 85.4400 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai and Uditha Jayasinghe in Colombo; Editing by Sam Holmes)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
India's Mazagon Dock Shipbuilders drops on quarterly profit slump
** Shares of Mazagon Dock Shipbuilders MAZG.NS fall 5.4% to 3,547.30 rupees
** The warships and submarines maker's fourth-quarter consol profit falls 50.9% Y/Y to 3.25 billion rupees ($38.1 million)
** Quarterly revenue rises 2.3% Y/Y, while expenses jump 19.6% Y/Y
** Stock set to snap a seven-session gaining streak
** MAZG stock up ~59%, YTD
($1 = 85.2920 Indian rupees)
(Reporting by Vijay Malkar)
** Shares of Mazagon Dock Shipbuilders MAZG.NS fall 5.4% to 3,547.30 rupees
** The warships and submarines maker's fourth-quarter consol profit falls 50.9% Y/Y to 3.25 billion rupees ($38.1 million)
** Quarterly revenue rises 2.3% Y/Y, while expenses jump 19.6% Y/Y
** Stock set to snap a seven-session gaining streak
** MAZG stock up ~59%, YTD
($1 = 85.2920 Indian rupees)
(Reporting by Vijay Malkar)
Mazagon Dock Says Government Appoints Capt Jagmohan To Post Of Chairman & MD
April 18 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
GOVERNMENT APPOINTS CAPT JAGMOHAN TO POST OF CHAIRMAN & MD
Further company coverage: MAZG.NS
April 18 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
GOVERNMENT APPOINTS CAPT JAGMOHAN TO POST OF CHAIRMAN & MD
Further company coverage: MAZG.NS
India government plans to sell 4.8% stake in Mazagon Dock Shipbuilders
April 3 (Reuters) - The Indian government plans to sell a stake of up to 4.83% in Mazagon Dock Shipbuilders MAZG.NS, according to an exchange filing on Thursday.
The government, which currently owns 84.83% of the company, is looking to sell 11.4 million shares representing a stake of 2.83% with an option to sell an additional 2%.
The sale will be made at a floor price of 2,525 rupees per share, the shipbuilding company said, a near 8% discount to Thursday's closing price.
Mazagon Dock's shares have risen nearly 23% so far this year.
(Reporting by Ashish Chandra in Bengaluru; Editing by Shounak Dasgupta)
((ashish.chandra@thomsonreuters.com; +91 7982114624))
April 3 (Reuters) - The Indian government plans to sell a stake of up to 4.83% in Mazagon Dock Shipbuilders MAZG.NS, according to an exchange filing on Thursday.
The government, which currently owns 84.83% of the company, is looking to sell 11.4 million shares representing a stake of 2.83% with an option to sell an additional 2%.
The sale will be made at a floor price of 2,525 rupees per share, the shipbuilding company said, a near 8% discount to Thursday's closing price.
Mazagon Dock's shares have risen nearly 23% so far this year.
(Reporting by Ashish Chandra in Bengaluru; Editing by Shounak Dasgupta)
((ashish.chandra@thomsonreuters.com; +91 7982114624))
Mazagon Dock Shipbuilders MDL Signs MoU With Goa Disaster Management Authority
March 21 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS - MDL SIGNS MOU WITH GOA DISASTER MANAGEMENT AUTHORITY
Source text: ID:nNSE90GgVT
Further company coverage: MAZG.NS
March 21 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS - MDL SIGNS MOU WITH GOA DISASTER MANAGEMENT AUTHORITY
Source text: ID:nNSE90GgVT
Further company coverage: MAZG.NS
Mazagon Dock Shipbuilders Begins Construction Of AIP Plug For P75 Project
March 19 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MDL BEGINS CONSTRUCTION OF AIP PLUG FOR P75 PROJECT
Source text: ID:nNSE43SwFb
Further company coverage: MAZG.NS
March 19 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MDL BEGINS CONSTRUCTION OF AIP PLUG FOR P75 PROJECT
Source text: ID:nNSE43SwFb
Further company coverage: MAZG.NS
Mazagon Dock Shipbuilders Dec-Quarter Consol Profit 8.07 Bln Rupees
Feb 7 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
DEC-QUARTER CONSOL PROFIT 8.07 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 31.44 BILLION RUPEES
Source text: [ID:]
Further company coverage: MAZG.NS
Feb 7 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
DEC-QUARTER CONSOL PROFIT 8.07 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 31.44 BILLION RUPEES
Source text: [ID:]
Further company coverage: MAZG.NS
German-Indian JV emerges as sole contender for $5 billion India submarine deal
By Shivam Patel
NEW DELHI, Jan 23 (Reuters) - German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy, according to an exchange filing, emerging as the sole contender for the $5 billion project.
Their potential rival, Spanish state-held shipbuilder Navantia, which partnered with India's Larsen & Toubro (L&T) LART.NS, could not meet the navy's requirements in trials held in 2024 for testing key technologies, an Indian defence source said.
The project is crucial to India's effort to modernise its military and boost its naval capabilities in the face of China's growing presence in the Indian Ocean region.
ThyssenKrupp's Indian partner, state-owned Mazagon Dock Shipbuilders Ltd MAZG.NS, said in an exchange filing on Thursday that its field trials for the project were successful and the Indian defence ministry had invited the company for commercial negotiations next week.
The defence ministry, L&T and its submarine partner did not respond to requests for comment.
A key requirement for the project was air-independent propulsion (AIP) technology, which would allow the diesel-electric attack submarines to stay underwater for over two weeks. A conventional submarine without AIP technology would have to surface every few days to charge its batteries.
Currently, the 17 conventional submarines operated by the Indian Navy do not have AIP technology, which India's neighbours China and Pakistan have, according to nonprofit Nuclear Threat Initiative.
Analysts say the project for the six new submarines has been delayed by more than a decade, with the first of them now expected three to five years after a contract is agreed.
About half of India's conventional submarines have undergone multiple upgrades and retrofits over the past few years and are nearing the end of their productive lives.
($1 = 86.5025 Indian rupees)
(Reporting by Shivam Patel in New Delhi
Editing by Mark Potter)
By Shivam Patel
NEW DELHI, Jan 23 (Reuters) - German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy, according to an exchange filing, emerging as the sole contender for the $5 billion project.
Their potential rival, Spanish state-held shipbuilder Navantia, which partnered with India's Larsen & Toubro (L&T) LART.NS, could not meet the navy's requirements in trials held in 2024 for testing key technologies, an Indian defence source said.
The project is crucial to India's effort to modernise its military and boost its naval capabilities in the face of China's growing presence in the Indian Ocean region.
ThyssenKrupp's Indian partner, state-owned Mazagon Dock Shipbuilders Ltd MAZG.NS, said in an exchange filing on Thursday that its field trials for the project were successful and the Indian defence ministry had invited the company for commercial negotiations next week.
The defence ministry, L&T and its submarine partner did not respond to requests for comment.
A key requirement for the project was air-independent propulsion (AIP) technology, which would allow the diesel-electric attack submarines to stay underwater for over two weeks. A conventional submarine without AIP technology would have to surface every few days to charge its batteries.
Currently, the 17 conventional submarines operated by the Indian Navy do not have AIP technology, which India's neighbours China and Pakistan have, according to nonprofit Nuclear Threat Initiative.
Analysts say the project for the six new submarines has been delayed by more than a decade, with the first of them now expected three to five years after a contract is agreed.
About half of India's conventional submarines have undergone multiple upgrades and retrofits over the past few years and are nearing the end of their productive lives.
($1 = 86.5025 Indian rupees)
(Reporting by Shivam Patel in New Delhi
Editing by Mark Potter)
Mazagon Dock Shipbuilders Says Discussions On Solar Cell Powered Boat Between Co And JNPA In Preliminary Stage
Jan 22 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
DISCUSSIONS ON SOLAR CELL POWERED BOAT BETWEEN CO AND JNPA IN PRELIMINARY STAGE
Source text: ID:nBSE78d3zB
Further company coverage: MAZG.NS
Jan 22 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
DISCUSSIONS ON SOLAR CELL POWERED BOAT BETWEEN CO AND JNPA IN PRELIMINARY STAGE
Source text: ID:nBSE78d3zB
Further company coverage: MAZG.NS
Mazagon Dock Shipbuilders Commences Production Of Training Ship For Indian Coast Guard
Jan 13 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS- COMMENCES PRODUCTION OF TRAINING SHIP FOR INDIAN COAST GUARD
Source text: ID:nBSEc51dkM
Further company coverage: MAZG.NS
Jan 13 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS- COMMENCES PRODUCTION OF TRAINING SHIP FOR INDIAN COAST GUARD
Source text: ID:nBSEc51dkM
Further company coverage: MAZG.NS
Mazagon Dock Shipbuilders Ltd - Sanjeev Singhal's Term As Chairman & MD Extended
Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS LTD - SANJEEV SINGHAL'S TERM AS CHAIRMAN & MD EXTENDED
Source text: ID:nBSE9Y54Yl
Further company coverage: MAZG.NS
Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS LTD - SANJEEV SINGHAL'S TERM AS CHAIRMAN & MD EXTENDED
Source text: ID:nBSE9Y54Yl
Further company coverage: MAZG.NS
India's Mazagon Dock Shipbuilders rises on order win
** Shares of Mazagon Dock Shipbuilders MAZG.NS rise as much as 4.5% to 2,370 rupees
** Shipbuilding co gets two contracts from Indian government worth about 28.67 bln rupees (~$335 mln)
** Orders for building a system to improve endurance of submarines and to install a new torpedo on submarines to boost firepower
** Stock rises after falling for two consecutive sessions
** MAZG extends YTD gains to ~100%
($1 = 85.5700 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
** Shares of Mazagon Dock Shipbuilders MAZG.NS rise as much as 4.5% to 2,370 rupees
** Shipbuilding co gets two contracts from Indian government worth about 28.67 bln rupees (~$335 mln)
** Orders for building a system to improve endurance of submarines and to install a new torpedo on submarines to boost firepower
** Stock rises after falling for two consecutive sessions
** MAZG extends YTD gains to ~100%
($1 = 85.5700 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
India Government: Signed 19.9 Billion Rupees Contract With Mazagon Dock Shipbuilders Ltd
Dec 30 (Reuters) -
INDIA GOVERNMENT: SIGNED 19.9 BILLION RUPEES CONTRACT WITH MAZAGON DOCK SHIPBUILDERS LTD
INDIA GOVERNMENT: SIGNED DEFENCE CONTRACT WITH NAVAL GROUP, FRANCE FOR 8.7 BILLION RUPEES
Further company coverage: MAZG.NS
Dec 30 (Reuters) -
INDIA GOVERNMENT: SIGNED 19.9 BILLION RUPEES CONTRACT WITH MAZAGON DOCK SHIPBUILDERS LTD
INDIA GOVERNMENT: SIGNED DEFENCE CONTRACT WITH NAVAL GROUP, FRANCE FOR 8.7 BILLION RUPEES
Further company coverage: MAZG.NS
Mazagon Dock Shipbuilders Delivers Stealth Frigate, P15b Destroyer To Indian Navy
Dec 20 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS - DELIVERS STEALTH FRIGATE, P15B DESTROYER TO INDIAN NAVY
Source text: ID:nBSE7nFl93
Further company coverage: MAZG.NS
Dec 20 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS - DELIVERS STEALTH FRIGATE, P15B DESTROYER TO INDIAN NAVY
Source text: ID:nBSE7nFl93
Further company coverage: MAZG.NS
Mazagon Dock Shipbuilders Commences Production Of First Fast Patrol Vessel For ICG
Dec 19 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS LTD - MDL COMMENCES PRODUCTION OF FIRST FAST PATROL VESSEL FOR ICG
MAZAGON DOCK SHIPBUILDERS LTD - MDL TO DELIVER 14 FAST PATROL VESSELS IN 10.70 BILLION RUPEES PROJECT
Source text: ID:nBSE5ZHjdg
Further company coverage: MAZG.NS
Dec 19 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS LTD - MDL COMMENCES PRODUCTION OF FIRST FAST PATROL VESSEL FOR ICG
MAZAGON DOCK SHIPBUILDERS LTD - MDL TO DELIVER 14 FAST PATROL VESSELS IN 10.70 BILLION RUPEES PROJECT
Source text: ID:nBSE5ZHjdg
Further company coverage: MAZG.NS
Mazagon Dock Clarifies News About Six Submarines Under Project P751
Dec 13 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK - CLARIFIES NEWS ABOUT SIX SUBMARINES UNDER PROJECT P751
MAZAGON DOCK - NEWS IS UNCONFIRMED, GOT NO INFORMATION FROM INDIAN NAVY
Source text: ID:nBSE7F5SBY
Further company coverage: MAZG.NS
Dec 13 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK - CLARIFIES NEWS ABOUT SIX SUBMARINES UNDER PROJECT P751
MAZAGON DOCK - NEWS IS UNCONFIRMED, GOT NO INFORMATION FROM INDIAN NAVY
Source text: ID:nBSE7F5SBY
Further company coverage: MAZG.NS
Mazagon Dock Clarifies On Report Regarding 3 Additional Submarines Of Scorpene Class
Dec 4 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
CLARIFIES ON REPORT REGARDING 3 ADDITIONAL SUBMARINES OF SCORPENE CLASS
COMMERCIAL NEGOTIATIONS WITH RESPECT TO PROJECT ARE IN PROCESS
Source text: ID:nBSE2MDQz
Further company coverage: MAZG.NS
Dec 4 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
CLARIFIES ON REPORT REGARDING 3 ADDITIONAL SUBMARINES OF SCORPENE CLASS
COMMERCIAL NEGOTIATIONS WITH RESPECT TO PROJECT ARE IN PROCESS
Source text: ID:nBSE2MDQz
Further company coverage: MAZG.NS
India's Mazagon Dock Shipbuilders rises on Q2 profit jump
** Shares of Mazagon Dock Shipbuilders MAZG.NS rise as much as 6% to 4,267 rupees
** MAZG's Q2 consol profit jumps 76% y/y to 5.85 bln rupees ($69.6 mln); rev soars 50% to 27.57 bln rupees
** Stock has been above its 200-day SMA since May, indicating bullish sentiment
** MAZG last up 5.5%, extending YTD gains to ~86%
($1 = 84.1150 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
** Shares of Mazagon Dock Shipbuilders MAZG.NS rise as much as 6% to 4,267 rupees
** MAZG's Q2 consol profit jumps 76% y/y to 5.85 bln rupees ($69.6 mln); rev soars 50% to 27.57 bln rupees
** Stock has been above its 200-day SMA since May, indicating bullish sentiment
** MAZG last up 5.5%, extending YTD gains to ~86%
($1 = 84.1150 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
Mazagon Dock Gets Order Worth 1.22 Bln Rupees
Oct 10 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
GETS ORDER WORTH 1.22 BILLION RUPEES
Source text for Eikon: ID:nBSE7VCzb3
Further company coverage: MAZG.NS
Oct 10 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
GETS ORDER WORTH 1.22 BILLION RUPEES
Source text for Eikon: ID:nBSE7VCzb3
Further company coverage: MAZG.NS
India's Mazagon Dock Shipbuilders up after kickstarting production of cargo vessel
** Shares of Mazagon Dock Shipbuilders Ltd MAZG.NS rise as much as 3% to 4,350 rupees
** Co says it commenced production of first multipurpose cargo vessel (MPV) for Navi Merchants, Denmark
** Stock on track to snap two days of losses
** MAZG last up 1.6%, adding to YTD gains of 87.4%
(Reporting by Meenakshi Maidas in Bengaluru)
** Shares of Mazagon Dock Shipbuilders Ltd MAZG.NS rise as much as 3% to 4,350 rupees
** Co says it commenced production of first multipurpose cargo vessel (MPV) for Navi Merchants, Denmark
** Stock on track to snap two days of losses
** MAZG last up 1.6%, adding to YTD gains of 87.4%
(Reporting by Meenakshi Maidas in Bengaluru)
Mazagon Dock Commences Production Activity For First MPV For Navi Merchants
Sept 24 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
COMMENCED PRODUCTION ACTIVITY FOR FIRST MPV FOR NAVI MERCHANTS
Source text for Eikon: ID:nBSE9HHQjP
Further company coverage: MAZG.NS
Sept 24 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
COMMENCED PRODUCTION ACTIVITY FOR FIRST MPV FOR NAVI MERCHANTS
Source text for Eikon: ID:nBSE9HHQjP
Further company coverage: MAZG.NS
Mazagon Dock Shipbuilders June-Quarter Consol Profit 6.96 Billion Rupees
Aug 14 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS JUNE-QUARTER CONSOL PROFIT 6.96 BILLION RUPEES
MAZAGON DOCK SHIPBUILDERS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 23.57 BILLION RUPEES
Source text for Eikon: ID:nBSE2wWZzR
Further company coverage: MAZG.NS
Aug 14 (Reuters) - Mazagon Dock Shipbuilders Ltd MAZG.NS:
MAZAGON DOCK SHIPBUILDERS JUNE-QUARTER CONSOL PROFIT 6.96 BILLION RUPEES
MAZAGON DOCK SHIPBUILDERS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 23.57 BILLION RUPEES
Source text for Eikon: ID:nBSE2wWZzR
Further company coverage: MAZG.NS
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What does Mazagon Dock Ship do?
Mazagon Dock Shipbuilders specializes in the construction and repair of warships and submarines for the Indian Navy, as well as vessels for commercial clients. The company has played pivotal role in the design, construction, and timely delivery of a diverse range of frontline naval assets, demonstrating its engineering precision and project execution excellence. Beyond naval defence, its expertise encompasses a wide range of maritime and offshore engineering solutions. The company has also delivered complex marine and offshore structures tailored for the energy sector, including platforms and rigs used in oil and gas exploration.
Who are the competitors of Mazagon Dock Ship?
Mazagon Dock Ship major competitors are Cochin Shipyard, Garden Reach Ship, Knowledge Marine & E. Market Cap of Mazagon Dock Ship is ₹91,329 Crs. While the median market cap of its peers are ₹25,825 Crs.
Is Mazagon Dock Ship financially stable compared to its competitors?
Mazagon Dock Ship seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Mazagon Dock Ship pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Mazagon Dock Ship latest dividend payout ratio is 28.92% and 3yr average dividend payout ratio is 28.76%
How has Mazagon Dock Ship allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Mazagon Dock Ship balance sheet?
Balance sheet of Mazagon Dock Ship is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Mazagon Dock Ship improving?
The profit is oscillating. The profit of Mazagon Dock Ship is ₹2,257 Crs for TTM, ₹2,414 Crs for Mar 2025 and ₹1,937 Crs for Mar 2024.
Is the debt of Mazagon Dock Ship increasing or decreasing?
Yes, The net debt of Mazagon Dock Ship is increasing. Latest net debt of Mazagon Dock Ship is -₹12,991.67 Crs as of Sep-25. This is greater than Mar-25 when it was -₹32,299.22 Crs.
Is Mazagon Dock Ship stock expensive?
Yes, Mazagon Dock Ship is expensive. Latest PE of Mazagon Dock Ship is 37.95, while 3 year average PE is 28.64. Also latest EV/EBITDA of Mazagon Dock Ship is 39.7 while 3yr average is 25.81.
Has the share price of Mazagon Dock Ship grown faster than its competition?
Mazagon Dock Ship has given better returns compared to its competitors. Mazagon Dock Ship has grown at ~105.75% over the last 4yrs while peers have grown at a median rate of 78.58%
Is the promoter bullish about Mazagon Dock Ship?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Mazagon Dock Ship is 81.22% and last quarter promoter holding is 81.22%.
Are mutual funds buying/selling Mazagon Dock Ship?
The mutual fund holding of Mazagon Dock Ship is decreasing. The current mutual fund holding in Mazagon Dock Ship is 1.78% while previous quarter holding is 1.98%.