Mazagon Dock: Can the ‘shipbuilder to the nation’ also sail in the stock market? – Economic Times

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Workers are seen during the launch of the second advanced stealth frigate warship of P17A class at Mazagon Dock Shipbuilders Limited (MDL) in Mumbai, India.

Synopsis

The company has only one big customer, the Government of India. And this has its own pros and cons. While the government wants to promote indigenisation, one of the major challenges for the company is to make profits and keep investors hooked. Till now, the numbers are not very encouraging.

For most in India’s defence and maritime space, Vice-Admiral (retired) Narayan Prasad is a talismanic navy man with a rich body of work. He served the Indian Navy for over 36 years and held important positions in operations, dockyard, and strategic projects. He was also the fleet engineer officer of the Eastern Fleet.A twist in Prasad’s career came in 2019 when he was put at the helm of Mazagon Dock Shipbuilders Limited (MDL) — also known as the

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