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Company Involved: Mazagon Dock Shipbuilders Limited (MAZDOCK)
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Disclosure Date: 21 March 2025
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Announcement Type: Signing of Memorandum of Understanding (MOU)
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Counterparty: State Disaster Management Authority, Goa
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Purpose of MOU: Development and implementation of an AI-based Wireless Disaster Detection, Rescue & Communication System.
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Objective: Enhance disaster management capabilities and improve public safety infrastructure in Goa.
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Date of Signing: 20 March 2025
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Stock Exchanges Notified: BSE (Code: 543237), NSE (Symbol: MAZDOCK)
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Compliance Officer: Madhavi Kulkarni
Effect on Share Market
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Positive Sentiment Likely: This strategic initiative indicates diversification and technological advancement in Mazagon Dock’s operations, aligning with national priorities on public safety.
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Potential Long-Term Gains: Could lead to future government contracts, boosting revenue and investor confidence.
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Immediate Impact: Stock may see a short-term uptrend driven by speculative buying and positive media coverage.
Company Overview
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Name: Mazagon Dock Shipbuilders Limited (MDL)
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Incorporated: 1934
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Type: Government of India Undertaking
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Location: Dockyard Road, Mumbai – 400010
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Core Business: Shipbuilding, defense-related maritime products.
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Certifications: ISO 9001-2015
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CIN: L35100MH1934GO1002079
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
