Mazagon Dock Shipbuilders Ltd (MDL), a Navratna DPSU, commenced the production activity for the first Fast Patrol Vessel (FPV) of 14 FPVs project for Indian Coast Guard (ICG), today. Along with this, plate cutting of 2nd ship of Next Generation Offshore Patrol Vessels (NGOPVs) was also undertaken. Mr. Biju George, Director Shipbuilding presided the plate cutting ceremony in presence of DIG Shajen Kurian, PD(MAT) and DIG Alankar Singh, CGRPS MBI along with senior officials from ICG and MDL.
MDL has signed the contract with ICG to design, build, and deliver a total of Fourteen (14) Fast Patrol Vessels. The project is valued at Rs 1070.47 crores. Each vessel will feature a waterjet propulsion drive, built to meet contractual speed in excess of 33 knots and shall be classified under Dual class (ABS & IRS).
The vessels will be designed as High speed craft, equipped with a waterjet propulsion, highspeed diesel engine. The vessel shall be used for patrolling coastal waters and protection of fisheries.
These vessels will be capable of carrying a small high speed boat to carry out search and rescue missions in shallow unchartered waters. Apart from this, these vessels shall have inherent capability to switch over to war time roles such as providing communication link, escort coastal convoys, logistic support, medical evacuation and supplement Indian Naval resources.
As regards to NGOPVs, the plate cutting ceremony of the second ship was held today. The first of class plate cutting was held on 31 May 2024. MDL has signed the contract with ICG to design, build and deliver a total of Six (06) Next Generation Offshore Patrol Vessels. The project is valued at Rs. 1614.89 crores. Each vessel is fitted with twin Controllable Pitch Propellers driven by 9000 kW engines to meet contractual speed in excess of 23 knots and shall be classified under Dual Class (ABS&IRS).
The vessels will be designed as High Speed craft under Class HSC rules. The vessel shall be used primarily for Coastal and Offshore patrolling and Policing Maritime zones of India. The primary role also includes Fisheries Protection, Anti-Smuggling and Anti-Piracy, Search and Rescue operations, Ocean Surveillance and Monitoring of Sea lines of communication (SLOCs).
The first vessel of FPV is scheduled for delivery in Mar 2026. The delivery of first NGOPV is scheduled in Jul 2027 and second NGOPV is scheduled in Dec 2027. Today's plate cutting ceremony for FPV1 marks the official start of the production activities for this project.
Shares of Mazagon Dock Shipbuilders Limited was last trading in BSE at Rs. 5039.20 as compared to the previous close of Rs. 5103.85. The total number of shares traded during the day was 154386 in over 14989 trades.
The stock hit an intraday high of Rs. 5120.00 and intraday low of 4931.80. The net turnover during the day was Rs. 778056047.00. |
