Mazagon Dock Shipbuilders Limited (MDL)
Mazagon Dock Shipbuilders Limited is a Navratna defence shipyard under the Ministry of Defence, headquartered at Dockyard Road, Mumbai. The President of India held 84.83% as on 31.03.2025. Its most recent official development is the keel-laying of the fourth Fast Patrol Vessel (Y-16504) and plate-cutting of the seventh vessel (Y-16507) for the Indian Coast Guard on 06 Apr 2026 at Mumbai.
This page is a factual profile built from official sources: enterprise filings, the DPE Public Enterprises Survey, PIB releases, government orders and CAG reports. Figures carry their year; where no official figure was found, the field is left out rather than estimated.
How we verify →Mazagon Dock Shipbuilders Limited is a Navratna defence shipyard under the Ministry of Defence, headquartered at Dockyard Road, Mumbai. The President of India held 84.83% as on 31.03.2025. Its most recent official development is the keel-laying of the fourth Fast Patrol Vessel (Y-16504) and plate-cutting of the seventh vessel (Y-16507) for the Indian Coast Guard on 06 Apr 2026 at Mumbai.
What happened
MDL is described in its FY2024-25 annual report as the 'Ship & Submarine Builders to the Nation', operating shipbuilding facilities at Mumbai and Nhava under the Ministry of Defence, and the only Indian shipyard to have built both destroyers and conventional submarines for the Indian Navy (source: MDL Annual Report FY2024-25).
DPE lists Mazagon Dock Shipbuilders Ltd. among Navratna CPSEs in its January 2026 schedule-wise list; MDL states it was conferred Navratna status by DPE in June 2024, the first government-owned shipyard and third defence PSU to receive it (sources: DPE CPSE list January 2026; MDL Annual Report FY2024-25).
For FY2024-25 MDL reported record revenue of Rs 11,431.88 crore (up 20.76% from Rs 9,466.58 crore in FY2023-24) and record PAT of Rs 2,324.88 crore (up from Rs 1,845.43 crore), with net worth Rs 7,180.84 crore (source: MDL Annual Report FY2024-25 / directors report).
On 06 Apr 2026 MDL conducted the keel-laying of the fourth Fast Patrol Vessel Y-16504 and plate-cutting of the seventh vessel Y-16507 of the 14-vessel Indian Coast Guard programme at Mumbai, presided over by DIG Rajesh S. Gandhe (source: MDL official website news).
What we could not confirm
Employee count not confirmed in pages opened, left null. FY2025-26 audited figures (revenue Rs 12,839.64 cr, PAT Rs 2,435.77 cr) appear in later filings but FY2024-25 annual report used as stable audited source; April 2025 OFS proposal for up to 4.83% not treated as on-the-block.