MOU SIGNED BETWEEN DEPARTMENT OF DEFENCE PRODUCTION AND MDL
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.