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Mazagon Dock Shipbuilders Partners with the Tamil Nadu Govt for New Shipyard on the Eastern Coast

Written by: Team Angel OneUpdated on: 9 Oct 2025, 6:12 pm IST
Mazagon Dock signs MoU with Tamil Nadu to explore setting up a greenfield shipyard on India’s eastern coast under Maritime Vision 2047.
Mazagon Dock Shipbuilders Partners with the Tamil Nadu Govt for New Shipyard on the Eastern Coast
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Mazagon Dock Shipbuilders Limited (MDL) has signed a Memorandum of Understanding (MoU) with Guidance Tamil Nadu to examine the possibility of developing a greenfield shipyard on the eastern coast of India. Guidance Tamil Nadu is the state’s agency responsible for investment promotion and facilitation.

The agreement was signed on September 19, 2025. It comes under the framework of the Government of India’s Maritime Amrit Kaal Vision 2047, which outlines plans for expanding maritime infrastructure and capacity in the coming decades.

Ceremony Details

As per the PIB, the MoU was signed during an event organised by the Ministry of Ports, Shipping and Waterways (MoPSW) at Bhavnagar, Gujarat. The signatories were Shri Biju George, Director (Shipbuilding) of MDL, and Dr Darez Ahamed, IAS, Managing Director and CEO of Guidance Tamil Nadu. The ceremony was attended by Union Minister of MoPSW Sarbananda Sonowal.

About MDL

Mazagon Dock Shipbuilders Limited is a defence public sector undertaking under the Ministry of Defence. The company is headquartered in Mumbai and is involved in building warships and submarines for the Indian Navy. Its operations are currently concentrated on the western coast of India.

Project Scope

The proposed shipyard would be a new, world-class facility located on the eastern coast. The agreement covers feasibility studies, site identification, and infrastructure requirements. It also includes exploring potential models of investment and future timelines for development.

The initiative is part of a larger effort to expand shipbuilding capacity and infrastructure across both coasts. The project, if it moves ahead, would add to India’s maritime assets and support long-term strategic goals under Vision 2047.

Read more: Tamil Nadu to Establish 2 New Commercial Shipyards with ₹30,000 Crore Investment!

Conclusion

The MoU is the start of a planning process between MDL and Tamil Nadu’s state agency. Further studies and evaluations will determine the next steps for the proposed greenfield shipyard.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Oct 9, 2025, 12:42 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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