Mazagon Dock signs contract worth over Rs 1,070 crore with Defense Ministry
Renowned ship maker Mazagon Dock Shipbuilders Ltd (MDL) has signed a contract with the Ministry of Defence worth Rs 1,070.47 crore. The contract is for the acquisition of 14 fast patrol vessels (FPVs) destined for service with the Indian Coast Guard (ICG).
The multi-role FPVs will be meticulously designed, developed, and manufactured by MDL in adherence to the buy (Indian-IDDM) category. As per the update the vessels are slated to be delivered within a timeline of 63 months.
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