Mazagon Dock Secures ₹1,486 Crore Pipeline Replacement Order from ONGC

9 Sep 2024 , 03:45 PM

Mazagon Dock Shipbuilders announced on September 6 that it has secured an order worth ₹1,486 Crore from Oil & Natural Gas Corporation (ONGC). This order pertains to the subsea pipeline replacement project designated as “Pipeline Replacement Project 8 Group A.” The project is based on an Engineering, Procurement, and Construction (EPC) reimbursable model, with the ceiling price set at ₹1,486,40,32,996.

The contract for this pipeline replacement work involves significant infrastructure and engineering efforts, marking a notable development for Mazagon Dock Shipbuilders. The company, known for its role in the defense sector, has recently been in the spotlight due to substantial procurement approvals by the Union Government’s Defence Acquisition Council (DAC), totaling ₹1,44,716 Crore for the Indian Armed Forces.

Mazagon Dock Shipbuilders Limited, located in Mazagaon, Mumbai, is a key player in shipbuilding and defense manufacturing. The shipyard, formerly named Mazagon Dock Limited, specializes in constructing warships, submarines, and offshore platforms. It also builds various types of commercial vessels, including tankers, bulk carriers, and passenger ferries.

The company has been awarded “Navratna” status by the Department of Public Enterprises, recognizing it as a significant public sector undertaking. Mazagon Dock is managed by the Ministry of Defence, with the Government of India holding an 84.83% stake. Its shipbuilding activities include the production of stealth frigates, destroyers, guided-missile destroyers, and corvettes. The submarine segment focuses on conventional and stealth submarines, with both shipbuilding and submarine divisions also performing repair and refit tasks.