Mazagon Dock Shipbuilders Limited (MDL) has entered into a contract with ShippingCorporation of India Limited (SCI) for the construction and sale of one 3000 DWT MethanolDual Fuel Platform Supply Vessel (PSV).
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Mazagon Dock Shipbuilders (MDL) has signed a contract with Shipping Corporation of India (SCI) to build and deliver one 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV). The contract is valued at approximately USD 39 million (roughly ₹325 crore). The vessel will use methanol as an alternative fuel, reflecting a shift toward greener shipping. MDL is a Government of India undertaking and SCI is also a PSU, making this a PSU-to-PSU commercial shipbuilding deal. The contract is described as being in the ordinary course of business, with disclosure made under SEBI's Regulation 30 due to its materiality.
This is a positive order addition for MDL's order book and showcases its capability in building eco-friendly dual-fuel vessels. As a single domestic PSU contract, the immediate stock impact may be limited, but it strengthens MDL's positioning in the green/commercial shipbuilding segment.