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12-Aug-2023

Mazagon Dock Shipbuilders

Expect a revenue growth of 10-12% for FY24


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Mazagon Dock Shipbuilders (MDL) hosted a conference call on Aug 11, 2023. In the conference call the company was represented by Sanjeev Singhal, CMD. 

Key takeaways of the conference call

Unexecuted Order Book as end of Jun 30, 2023 was Rs 39117 crore (comprising Rs 17843 crore P17Alpha, Rs 14713 crore of P15B Destroyer; Rs 4006 crore of P75 Kalvari Submarines; and Rs 2438 crore MRLC of Submarine).

As far as four number of Destroyer (Project 15 Bravo (P15B Destroyer)) order, the company have already delivered two destroyers ( one in 2021 and another in 2022) and  the company is targeting delivery of third destroyers in FY24 and another by next fiscal.

As far as four numbers of Project 17 Alpha (Stealth Frigates) the first ship will be delivered by middle of CY2024 (or FY25) and after that one ship per year will be delivered.

Placed order for Floating...



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