MDL signs MoU with department of defence production

The MoU outlines the targets and various performance parameters for Mazagon Dock Shipbuilders Ltd

GN Bureau | July 8, 2017


#ministry of defence   #Mazagon Dock Shipbuilders  
Mazagon Dock Shipbuilders Ltd (MDL), a miniratna schedule ‘A’ defence PSU under the department of defence production, ministry of defence, signed an agreement for the financial year 2017-18 with the ministry.
 
The MoU outlines the targets and various performance parameters for the company. The revenue from operations has been targeted at Rs 4,500 crore. Significant milestones to be achieved under Project 75 (Scorpene Submarines) and shipbuilding projects of 15B (destroyers) and 17A (frigates) also form part of the agreement.
 

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