MOU SIGNED BE­TWEEN DEPART­MENT OF DE­FENCE PRO­DUC­TION AND MDL

SP's NavalForces - - NEWS -

Mazagon Dock Ship­builders Ltd (MDL), has signed a MoU for the fi­nan­cial year 201718 with the Depart­ment of De­fence Pro­duc­tion. The an­nual MoU was signed be­tween Sec­re­tary (De­fence Pro­duc­tion) Shri AK Gupta and Chair­man and Man­ag­ing Di­rec­tor, MDL Cmde Rakesh Anand. The MoU out­lines the tar­gets and var­i­ous per­for­mance pa­ram­e­ters for the com­pany. The rev­enue from op­er­a­tions has been tar­geted at ` 4500 crore. Sig­nif­i­cant mile­stones to be achieved un­der Project 75 (Scor­pene Sub­marines) and ship­build­ing projects of 15B (de­stroy­ers) and 17A (frigates) also form part of the MoU.

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