Mazagon Dock Shipbuilders Limited has informed the Exchange regarding a press release dated October 28, 2025, titled "Mazagon Dock Shipbuilders Ltd (MDL) and SwanDefence and Heavy Industries Limited (SDHI) signed Teaming Agreement for Design andConstruction of Landing Platform Docks (LPDs) for the Indian Navy.".
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Mazagon Dock Shipbuilders Limited (MDL) has signed a Teaming Agreement with SwanDefence and Heavy Industries Limited (SDHI) on October 28, 2025. The partnership is aimed at jointly designing and building Landing Platform Docks (LPDs) — large amphibious warfare ships — for the Indian Navy. LPDs are high-value naval platforms used to transport troops, vehicles, and equipment for maritime operations. The teaming agreement positions MDL to leverage SDHI's capabilities in pursuit of this significant defence contract. This is part of MDL's ongoing strategy to expand its warship-building portfolio beyond submarines and destroyers.
Positive for shareholders — strengthens MDL's pipeline for high-value naval platform orders and signals deeper involvement in India's indigenous defence shipbuilding ambitions. Likely to be viewed favorably by the market, though no immediate financial impact as the deal is a collaboration framework rather than a confirmed order.