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Anand Rathi Report
MiniRatna-I Defence PSU: Incorporated in February 1934, Mazagon Dock Shipbuilders Ltd., a public-sector undertaking under the Department of Defence production, constructs and repairs warships and conventional submarines for the Ministry of Defence for the Indian Navy, besides vessels for commercial clients.
It has production capacity of 40,000 dead weight tonnes, with two segments shipbuilding (naval shipbuilding/repairs) and submarine/heavy engineering.
To diversify its revenue stream, it is looking to scale up its stable ship-repair business. For this, it is exploring a greenfield shipyard at Nhava Sheva, Navi Mumbai, focusing on construction/repair of warships and commercial ships.
Its greater efforts regarding ship repair would enable it to diversify and broaden its client base, reducing dependence on the MoD for orders.
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