Mazagon Dock Shipbuilders Ltd accepts land allotment by Mumbai Port Authority

The Board of Mazagon Dock Shipbuilders Ltd. (MDL), in the Board Meeting held on 20.03.2024, has accepted the offer of Mumbai Port Authority (MbPA) for the allotment of land and building (Workshop land and Clark Basin), measuring 14.55 Acres, adjacent to MDL Mumbai Yard on long term lease basis to MDL for 29 years w.e.f. 01.04.2024 to 31.03.2053. The total allotment cost is Rs. 354 Crores (Approx.) which include Upfront Lease Premium, Cost of Buildings and Structures, GST, Stamp Duty and Registration Charges. The payment of the allotment cost will be paid to MbPA in due course.

Shares of Mazagon Dock Shipbuilders Limited was last trading in BSE at Rs. 1878.95 as compared to the previous close of Rs. 1841.00. The total number of shares traded during the day was 77732 in over 5123 trades.

The stock hit an intraday high of Rs. 1908.80 and intraday low of 1850.10. The net turnover during the day was Rs. 146205128.00.

Source : Equity Bulls

Keywords

MazagonDockShipbuilders INE249Z01012 Defence MumbaiPortAuthority LandAllotment MDLMumbaiYard