Mazagon Dock Lays Keel for First NGOPV, Q1 FY26 Results on July 28

Mazagon Dock Shipbuilders Ltd (MDL) in Mumbai conducted the keel-laying ceremony for Yard 16401, the first of six Next Generation Offshore Patrol Vessels (NGOPVs) for the Indian Coast Guard (ICG), on July 22, 2025. 

Deputy Inspector General RH Nandodkar, Chief Staff Officer (Tech) at ICG Regional Headquarters (North West), presided over the event, alongside senior MDL and ICG officials.

Advanced Features and Capabilities

The 117-meter-long vessel is designed to patrol extensively, with a range of 5,000 nautical miles, a top speed of 23 knots, and the capacity to accommodate 11 officers and 110 personnel. 

These NGOPVs will feature state-of-the-art technologies, including AI-based predictive maintenance, Remote Piloted Drones, an Integrated Bridge System (IBS), and an Integrated Platform Management System (IPMS), enhancing operational efficiency and surveillance capabilities.

Aligned with Aatmanirbhar Bharat

The NGOPVs are being built under a contract signed on December 20, 2023, as part of the Buy (Indian-IDDM) category, ensuring complete indigenous construction. The initiative aligns with the government’s Aatmanirbhar Bharat mission to strengthen self-reliance in defence manufacturing.

Board Meeting Scheduled to Review Q1 FY26 Results

Mazagon Dock Shipbuilders has announced in an exchange filing that its Board of Directors will convene on Monday, July 28, 2025, to consider and approve the company’s unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.

Mazagon Dock Shipbuilders Share Price Performance

On July 23, 2025, MazagonDock share price (NSE: MAZDOCK) opened at ₹2,941.00, up from its previous close of ₹2,921.80. At 12:36 PM, the share price of Mazagon Dock was trading at ₹2,906.70, down by 0.52% on the NSE.

Also Read: Mazagon Dock Management Anticipates Revenue Growth and Expanding Order Pipeline in FY26!

Conclusion

This milestone marks a significant step in enhancing ICG’s maritime security capabilities, while bolstering India’s indigenous shipbuilding prowess.

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