Mazagon Dock Shipbuilders Limited (MDL) has entered into a major agreement with the Shipping Corporation of India Limited (SCI). The contract is for the construction and delivery of one advanced 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV). The total value of this significant undertaking is approximately USD 39 million. MDL confirmed this deal is part of its ordinary business operations, with construction proceeding according to mutually agreed schedules.
New Shipbuilding Contract Announced
Mazagon Dock Shipbuilders Limited (MDL), a Government of India undertaking, has officially announced the signing of a new contract on March 18, 2026. The agreement is with the Shipping Corporation of India Limited (SCI) for the construction of a highly specialized vessel.
Vessel Details and Contract Value
The core focus of the contract is the construction and subsequent sale of one 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV). This advanced vessel is crucial for modern maritime operations. The total contract value has been confirmed to be approximately USD 39 million. Delivery of the vessel will adhere to the mutually established contractual timelines between MDL and SCI.
Business Context
MDL management specified that this transaction falls within the ordinary course of the Company’s business. The disclosure is being made to regulatory bodies as required, based on the materiality assessment of the contract value.
Source: BSE
