Mazagon Dock Shipbuilders Limited (MDL) has announced the receipt of a substantial purchase order from Maharashtra State Electricity Transmission Co. Ltd. (MSETCL) for an AI based Comprehensive Infrasecure Project. The order, valued at INR 117,99,71,564.90/-, includes supply, installation, and commissioning for 05 substations. The project is expected to be completed within a period of 24 months.
Major Contract Awarded by MSETCL
Mazagon Dock Shipbuilders Limited (MDL) has informed the stock exchanges about a significant purchase order received from Maharashtra State Electricity Transmission Co. Ltd. (MSETCL). This order pertains to the Supply, Installation and Commissioning of an AI based Comprehensive Infrasecure Project across 05 substations.
Project Details and Value
The total value of the order is pegged at INR 117,99,71,564.90/- (Rupees One Hundred and Seventeen Crore Ninety Nine Lakh Seventy One Thousand Five Hundred and Sixty Four and Paise Ninety Only), inclusive of GST and other applicable duties, with GST levied at 18%. This contract is a testament to MDL’s expanding capabilities beyond its traditional shipbuilding domain into critical infrastructure solutions.
Execution Timeline
The project has a stipulated completion period of 24 months from the date of the award. The order has been awarded by a Domestic Entity, further reinforcing MDL’s role in supporting national infrastructure development.
Disclosure Requirements Met
As per the requirements outlined by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 Jan 2026, the following disclosures are made:
- Entity Awarding Order: Maharashtra State Electricity Transmission Co. Ltd. (MSETCL)
- Significant Terms: Supply, Installation and Commissioning of AI based Comprehensive Infrasecure Project for 05 Substations for an amount of INR 117,99,71,564.90/-; Completion period of 24 months.
- Nature of Entity: Domestic Entity
- Nature of Order: Supply, Installation and Commissioning of AI based Comprehensive Infrasecure Project for 05 Substations
- Time Period for Execution: 24 months
- Broad Consideration: INR 117,99,71,564.90/- (Rupees One Hundred and Seventeen Crore Ninety Nine Lakh Seventy One Thousand Five Hundred and Sixty Four and Paise Ninety Only) including GST and other duties (GST@18%).
- Promoter Interest: No interest from promoter/promoter group companies.
- Related Party Transactions: The order does not fall within related party transactions.
Source: BSE
