Mazagon Dock Shipbuilders Limited (MDL), a leading defense shipyard in India, has unveiled its strategic plans for growth and expansion, setting ambitious revenue targets and announcing a significant new shipyard project.

Revenue and Margin Projections

MDL has set its sights on substantial financial growth in the coming years:

The company anticipates achieving margins of 12.00-15.00% for new projects, with expectations of higher margins of 25.00-30.00% upon project completion after clearing liabilities.

Order Book Expansion

MDL's management is optimistic about its future order book:

• Projected order book value by FY27: Over ₹1 lakh crore

This substantial increase in the order book suggests strong future revenue potential for the company.

New Shipyard Development

In a significant move to expand its capabilities, MDL is establishing a new shipyard:

This new facility is designed to handle very large ships, potentially opening up new market segments for MDL.

Strategic Partnership for Naval Projects

According to the latest LODR data, MDL has signed an exclusive Teaming Agreement (TA) with Swan Defence and Heavy Industries Limited (SDHI) during the India Maritime Week 2025. This partnership aims to collaborate on the design and construction of Landing Platform Docks (LPDs) for the Indian Navy.

Key points of the partnership include:

• Combining MDL's expertise in ship design and project management with SDHI's shipbuilding infrastructure
• Aligning with the government's vision for Public-Private Partnerships (PPP) in defense manufacturing
• Focusing on reducing build periods, enhancing quality, and achieving cost efficiency in complex platform construction

The collaboration comes in the wake of the Defence Acquisition Council's approval for the acquisition of LPDs, which are crucial for the Indian Navy's power projection and amphibious operation capabilities.

Investor Relations

MDL continues to maintain transparency with its investors. The company recently held its Q2FY26 Investor Earnings Call, discussing the financial results for the quarter and half-year ended September 30, 2025. The audio recording of this call has been made available on the company's website, demonstrating MDL's commitment to keeping shareholders informed about its financial performance and future outlook.

As Mazagon Dock Shipbuilders Limited pursues these ambitious plans, the company appears poised for significant growth in the coming years, leveraging its expertise in defense shipbuilding and strategic partnerships to strengthen its market position.

In a significant development for India's naval capabilities, Mazagon Dock Shipbuilders Limited (MDL) and Swan Defence and Heavy Industries Limited (SDHI) have signed an exclusive teaming agreement for the design and construction of Landing Platform Docks (LPDs) for the Indian Navy. The partnership, announced during India Maritime Week 2025 in Mumbai, marks a strategic collaboration between two of India's leading shipbuilding entities.

Strategic Partnership

The agreement comes on the heels of the Defence Acquisition Council's approval for the acquisition of LPDs, which are crucial for amphibious operations and humanitarian missions. This move aligns with India's broader maritime strategy and its focus on enhancing naval capabilities.

Complementary Strengths

Under this partnership:

• MDL, a premier defence shipyard and Navratna company under the Ministry of Defence, will contribute its expertise in ship design, project management, and system integration.
• SDHI, recognized as India's largest shipbuilding and heavy fabrication company, will provide its world-class shipbuilding infrastructure for vessel construction.

Enhancing Naval Capabilities

The collaboration aims to leverage the strengths of both public and private sectors to achieve several key objectives:

• Reduce build periods
• Enhance quality
• Achieve cost efficiency in the construction of these complex platforms

Implications for India's Maritime Sector

This teaming agreement represents a significant step in India's efforts to bolster its naval capabilities and promote indigenous defence production. The partnership between MDL and SDHI exemplifies the government's vision of fostering public-private partnerships in the defence sector.

Looking Ahead

As India continues to strengthen its maritime presence and capabilities, the MDL-SDHI collaboration for LPDs is poised to play a crucial role in enhancing the Indian Navy's amphibious warfare capabilities and its ability to respond to humanitarian crises in the region.

The successful execution of this project could set a new benchmark for defence manufacturing collaborations in India, potentially paving the way for more such partnerships in the future.