BAJAJ BROKING
Mazagon Dock secured a ₹121.7 crore contract from MAHAGENCO for AI-based security installations. The project spans two sites and includes annual maintenance. The company targets a healthy EBITDA margin of 10-12% in FY2025. Mazagon Dock share price rose 8.42% on Thursday.
Government-run Mazagon Dock Shipbuilders Limited announced on October 10 that it has received a significant contract from Maharashtra State Power Generation Company Ltd (MAHAGENCO).
The contract, valued at ₹121.7 crore, involves the supply, installation, and commissioning of an AI-based "comprehensive infrasecure project." This project will be executed at two locations, GTPS-Uran and KGSC-Pophali.
The ₹121.7 crore project will see Mazagon Dock implementing advanced AI-based security solutions at the two designated sites. The contract value is inclusive of all taxes and duties.
Besides the core project, the company is tasked with providing annual maintenance contracts (AMC) for the installed equipment after the first year. The project is expected to be fully executed by October 10, 2025, according to the company's stock exchange filing.
Mazagon Dock‘s financial performance has remained solid, with a healthy cash surplus and no working capital concerns. The company has no liabilities in the form of loans or debts, ensuring financial stability.
Mazagon Dock share price saw a sharp increase of 8.42% on Thursday, closing at ₹4,431. The stock has delivered an impressive return of 105.68% over the past year, more than doubling the investors' money. This strong performance highlights investor confidence in the company’s long-term prospects despite short-term market fluctuations.
Mazagon Dock's latest order from MAHAGENCO further strengthens its position in the AI-driven security space. The company’s solid financial foundation, coupled with new projects and expanding business verticals, positions it for continued growth.
The completion of this project will not only boost its earnings but also reinforce its reputation as a leader in shipbuilding and infrastructure security.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Share Market Today | Indian Markets Eye Flat to Positive Opening
15 Oct, 2024 | 4 Min. read
JSW Infra Wins Bid for New Port in Maharashtra
15 Oct, 2024 | 2 Min. read
Maruti Suzuki Unveils New Baleno Regal Edition
15 Oct, 2024 | 2 Min. read
Sterling & Wilson Wins ₹823cr Order, Q2 Boost
15 Oct, 2024 | 2 Min. read
J Kumar Infra Secures ₹298 Crore Pune Order
15 Oct, 2024 | 2 Min. read
Commodities Market Today | Oil Drops on OPEC Outlook, Metals Also Fall
15 Oct, 2024 | 1 Min. read
Gold Rate Today | Gold Drops 0.3%, Silver Falls 0.8% in Market
15 Oct, 2024 | 2 Min. read
HDFC Life Q2 FY’2024-25 Results
15 Oct, 2024 | 3 Min. read
HAL Elevated To Maharatna Status For Greater Autonomy
14 Oct, 2024 | 2 Min. read
Oil Prices Dip As China Falls Short On Stimulus, Israel-Iran Tensions Rise
14 Oct, 2024 | 2 Min. read
JSW Energy Inks Deal For 1,500 MW Pumped Hydro Storage
14 Oct, 2024 | 2 Min. read
CCPA Directs Ola To Allow Refunds Via Bank Or Coupon
14 Oct, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading