+
Mazagon Dock Wins Rs 1.1799 bn Order From Maharashtra Utility
ECONOMY & POLICY

Mazagon Dock Wins Rs 1.1799 bn Order From Maharashtra Utility

Mazagon Dock Shipbuilders has received a purchase order worth Rs 1.1799 billion (bn) from Maharashtra State Electricity Transmission Company Limited (MSETCL) for an AI based infrastructure security project across five substations. The order, equivalent to Rs 1,179.9 million (mn), was disclosed to stock exchanges and is domestic in nature. The scope covers supply, installation and commissioning work and the execution period for the contract is 24 months. The company indicated the project will be executed within the stated timeline.

MSETCL awarded the contract for what the company described as an AI based Comprehensive Infrasecure Project spanning five substations. The order value of Rs 1.1799 bn is stated to be inclusive of GST at 18 per cent and other duties. Mazagon Dock will undertake systems integration, hardware provision and commissioning activities as part of the delivery. The firm noted that the work will be delivered under domestic procurement norms.

In its filing the company confirmed that the order does not constitute a related party transaction and that there is no interest of its promoter or promoter group in the contract. The disclosure to stock exchanges followed standard compliance procedures. Market commentary in the source indicated that the share price had been up in the preceding month, but the company provided only contract related details. The filing reiterated that the contract falls outside related party frameworks.

Mazagon Dock Shipbuilders traces its origins to a dry dock established at Mazagon in Mumbai in 1774 and is a Navratna Defence Public Sector Undertaking under the Ministry of Defence. Since 1960 the yard has delivered 806 vessels including 31 warships and eight submarines and also supplies commercial and offshore platforms to domestic and international customers. The company is listed on both the BSE and the NSE and remains majority owned by the Government of India.

Mazagon Dock Shipbuilders has received a purchase order worth Rs 1.1799 billion (bn) from Maharashtra State Electricity Transmission Company Limited (MSETCL) for an AI based infrastructure security project across five substations. The order, equivalent to Rs 1,179.9 million (mn), was disclosed to stock exchanges and is domestic in nature. The scope covers supply, installation and commissioning work and the execution period for the contract is 24 months. The company indicated the project will be executed within the stated timeline. MSETCL awarded the contract for what the company described as an AI based Comprehensive Infrasecure Project spanning five substations. The order value of Rs 1.1799 bn is stated to be inclusive of GST at 18 per cent and other duties. Mazagon Dock will undertake systems integration, hardware provision and commissioning activities as part of the delivery. The firm noted that the work will be delivered under domestic procurement norms. In its filing the company confirmed that the order does not constitute a related party transaction and that there is no interest of its promoter or promoter group in the contract. The disclosure to stock exchanges followed standard compliance procedures. Market commentary in the source indicated that the share price had been up in the preceding month, but the company provided only contract related details. The filing reiterated that the contract falls outside related party frameworks. Mazagon Dock Shipbuilders traces its origins to a dry dock established at Mazagon in Mumbai in 1774 and is a Navratna Defence Public Sector Undertaking under the Ministry of Defence. Since 1960 the yard has delivered 806 vessels including 31 warships and eight submarines and also supplies commercial and offshore platforms to domestic and international customers. The company is listed on both the BSE and the NSE and remains majority owned by the Government of India.

Related Stories

Gold Stories

Next Story
Building Material

Cement Prices Rise Rs. 7 per Bag in September; October Hikes Expected

Cement companies may seek to raise prices by Rs. 5 to Rs. 20 per bag across most markets in October, although the ability to sustain the increases will depend on demand recovery and dealer acceptance, according to a report by Centrum Broking. The outlook follows a pickup in pricing momentum during September after largely stable prices in July and August. The all-India average trade price increased by Rs. 7 per bag month-on-month to Rs. 356 in September. Centrum Broking’s channel checks indicated gains across both trade and non-trade segments, with non-trade prices recording sharper increases..

Next Story
Products

Minister G Kishan Reddy Says No Coal Shortage Despite Higher Power Demand

Union Coal and Mines Minister G Kishan Reddy said India was not facing a coal shortage despite higher demand from thermal power plants, monsoon-related disruptions in mining operations and lower hydropower generation. He said coal was being supplied to power stations through railway rakes and road transport. Reddy made the remarks on Monday on the sidelines of the Assocham-organised Angul Aluminium Roadshow in Kolkata. His comments came amid reports of alleged supply constraints at some power plants, although he said the temporary interruptions should not be interpreted as a broader shortage. ..

Next Story
Infrastructure Energy

Bondada Engineering Secures Rs. 1.47 bn in Multiple Orders

Bondada Engineering has secured multiple domestic orders with an aggregate value of Rs. 1.47 bn, the company disclosed in a filing with BSE on September 29, 2026. The orders cover telecom infrastructure, renewable energy and energy-efficient lighting solutions, and are inclusive of taxes. Bondada Green Engineering, a subsidiary of Bondada Engineering, received an order for the supply of 200 telecom towers under the BSNL 40GBT project in Gujarat. The award forms part of the company’s telecom infrastructure business and is linked to requirements in the state. Bondada Renewable Energy, another ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code