Mazagon Dock Shipbuilders Limited Overview
Pro stress-test →Mazagon Dock Shipbuilders Limited, known as "Ship Builder to the Nation", is one of India's leading Defence public sector undertaking shipyard under the Ministry of Defence. The company operates in two segments, Shipbuilding, and Submarine and Heavy Engineering, offering naval platforms such as destroyers, conventional submarines, frigates, corvettes, missile boats, offshore patrol vessels, and merchant ships including general cargo vessels and multipurpose support vessels.
Strategic Profile
Pro stress-test →In 2024, it became India's 18th PSU to receive the Navratna status from the Indian government, positioning it as a key strategic asset for India's defense shipbuilding. The company announced acquisition of a controlling 51% stake in Sri Lankan peer Colombo Dockyard in a deal worth up to ₹450 crore to grow its shipbuilding and repair business, demonstrating regional expansion ambitions and financial capability.
Competitive Landscape
Pro stress-test →Mazagon Dock is the only Indian shipyard to have built destroyers and conventional submarines for the Navy and is the only shipyard conferred with Navratna status. Primary competitors include Goa Shipyard Limited and other international shipbuilders for commercial vessels, but MDL has a near-monopoly on Indian naval defense contracts.
Industry Context
Mazagon Dock Shipbuilders Limited operates in Defense & Commercial Shipbuilding.
Key facts
Founded: 1774 · Headquarters: Mumbai, India · Employees: Not available · Revenue: Not available · Market cap: ₹1,12,166 Cr (~$13.5B USD)