Mazagon Dock Shipbuilders' stock is trading at Rs. 4286.60, reflecting an increase of 64.65 points or 1.53% compared to its previous close of Rs. 4221.95 on the BSE.

The stock opened at Rs. 4269.70, reaching a high of Rs. 4349.70 and a low of Rs. 4230.00 during the session. A total of 54,848 shares have been exchanged so far.

This 'A' category stock, with a face value of Rs. 10, hit its 52-week high of Rs. 5859.95 on July 5, 2024, and a low of Rs. 1742.00 on October 26, 2023.

Over the past week, the stock has fluctuated between a high of Rs. 4428.80 and a low of Rs. 3967.20. Mazagon Dock's current market capitalization stands at Rs. 86,446.35 crore.

The company’s promoter holding is 84.83%, while institutional investors hold 3.27%, and non-institutional investors hold 11.90%.

Mazagon Dock Shipbuilders (MDL) has begun production on its first Multipurpose Cargo Vessel (MPV) for Denmark's Navi Merchants. The vessel is expected to be delivered by April 2026.

MDL has signed an agreement to design, construct, and deliver a total of 6 vessels, with the option for 4 more, each having a capacity of 7,500 deadweight tonnage (DWT). The project is worth approximately $86.05 million (around Rs. 700 crore). Each vessel will be equipped with hybrid propulsion systems that meet stringent emission standards and will be certified under Det Norske Veritas (DNV).

These ships, classified as Ice Class 1B, will feature a controllable pitch propeller and a medium-speed diesel engine. They will also have Electrical Energy Storage systems to meet DNV’s Battery Safety standards, allowing them to operate unrestricted worldwide.

These versatile ships are designed to carry various cargo types, including dry bulk, project cargo, steel products, containers, general cargo, forest products, and hazardous materials.

Mazagon Dock Shipbuilders is India's premier defence shipyard under the Ministry of Defence.