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The shipbuilding company announced that it has received a purchase order worth Rs 121.67 crore from the Maharashtra State Power Generation Company (MAHAGENCO) infra-secure project.
The company was awarded a contract for supply installation and commissioning of a comprehensive AI-based infrasecurity project at GTPS-Uran and KGSC-Pophali and AMC items after 1 year.
The cost of this project is Rs 121.67 crore and is to be executed by October 10, 2025.
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Mazagon Dock Shipbuilders is mainly engaged in the construction and repair of ships, submarines, various types of ships and related engineering products for its customers.
The company’s consolidated net profit soared 121.45 per cent to Rs 696.10 crore on the back of an 8.48 per cent increase in operational revenue, which rose 8.48 per cent to Rs 2,357.02 crore in Q1FY25 as compared to Q1FY24.
Shares of Mazagon Dock Shipbuilders lost 0.53 per cent to Rs 4,405 on the BSE.
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First publication: October 11, 2024 | 12:35 p.m. STI