Navratna Defence PSU: This largecap stock has given over 100% return in 1 year; company bags big order - Check Details

Navratna Defence PSU Stock, Mazagon Dock Shipbuilders Share Price: Defence sector Navratna company Mazagaon Dock Limited (MDL) has received a big order. In an exchange filing, the company said that it had bagged an order from Maharashtra State Power Generation Company. The company shared this information after the market hours. 

"The Maharashtra State Power Generation Company (MAHAGENCO) has placed a purchase order on Mazagon Dock Shipbuilders for supply installation and commissioning of AI based comprehensive infrasecure project at GTPS-Uran and KGSC-Pophali at a total price of Rs 121,67,60,768, i.e. 121.67 crore, including all taxes and duties," the company said.

The order has to be completed in a period of 1 year.

Navratna Defence PSU Stock, Mazagon Dock Shipbuilders Share Price: AI-based security systems

Under this contract, MDL will provide, install and commission ultra modern artificial intelligence (AI)-based comprehensive security systems at two important MAHAGENCO power plants-GTPS-Uran and KGSC-Pofali.

Navratna Defence PSU Stock, Mazagon Dock Shipbuilders Share Price:  40k crore order book

The total value of this project is Rs 121,67,60,768 including all taxes and duties. Earlier, Mazgaon Dock had received a work order of Rs 1,486 crore from Oil and Natural Gas Corporation (ONGC). This order is for pipeline replacement. This project has to be completed by 28 February 2026. After releasing the June quarter results, the company had said that its order book is more than Rs 40k crore.

Mazagon Dock Shipbuilders Share Price

The counter opened in green today at Rs 4460 against the previous close of Rs 4431.10. It reached a high of Rs 4483.60 before falling down to Rs 4350. Last seen, the counter was trading at Rs 4359 on the BSE.

Mazagon Dock Shipbuilders Share Price History

The counter has given a multibagger return of 103 per cent and 656 per cent in two years. According to BSE Analytics, the counter has given a return of 1572 per cent in three years.