Mazagon Dock Shipbuilders Limited (MDL), India’s premier defence shipyard and a Navratna company, announced the signing of a Teaming Agreement (TA) with Swan Defence and Heavy Industries Limited (SDHI) for the design and construction of Landing Platform Docks (LPDs) for the Indian Navy.
The collaboration was unveiled during India Maritime Week 2025 in Mumbai.
The partnership between MDL and SDHI comes shortly after the Defence Acquisition Council (DAC) approved the acquisition of LPDs, a vital addition to India’s naval fleet.
These vessels will enhance the Navy’s ability to project power, conduct amphibious operations, and carry out Humanitarian Assistance and Disaster Relief (HADR) missions globally.
Under the agreement, MDL will contribute its expertise in ship design, system integration, and project management, while SDHI will utilise its world-class shipbuilding and heavy fabrication facilities, the largest in India.
The collaboration leverages the complementary strengths of both companies to deliver high-quality, cost-effective, and time-efficient vessels.
This initiative exemplifies the Government of India’s Public–Private Partnership (PPP) model, combining the credibility and experience of a public sector enterprise with the efficiency and flexibility of a private player.
The partnership aims to reduce build periods, improve quality, and enhance cost competitiveness in delivering these complex naval platforms.
The company has maintained a strong dividend payout record during FY2025–26. It declared an interim dividend of ₹3 per share with an ex-date and record date of April 16, 2025, followed by a final dividend of ₹2.71 per share with an ex-date and record date of September 19, 2025.
The record date is the date on which investors must hold the company’s shares in their demat account to be eligible for receiving the dividend payout.
As of 29 October 2025, 2:44 PM, Mazagon Dock Shipbuilders Limited was trading at ₹2,770.70, down ₹9.70 or 0.35% from its previous close of ₹2,780.40. The stock opened at ₹2,789.00, hit a high of ₹2,789.00 and a low of ₹2,727.30.
The teaming agreement between Mazagon Dock Shipbuilders and Swan Defence marks a significant milestone in India’s shipbuilding and defence manufacturing journey.
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Published on: Oct 29, 2025, 2:53 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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