New Commemorative Coin: 250 Years of Mazagon Dock Shipbuilders Ltd
The Government of India will issue a commemorative coin of ₹250 to mark the ' 250 Years of Mazagon Dock Shipbuilders Limited '. The Ministry of Finance issued a gazette notification on March 12, 2024, confirming this coin. Mazagon Dock Shipbuilders Limited (MDL), formerly known as Mazagon Dock Limited, is a prominent shipyard located in Mazagaon, Mumbai. Specializing in the construction of warships and submarines for the Indian Navy, MDL also fabricates offshore platforms and provides support vessels for offshore oil drilling. In addition to its defense-oriented projects, MDL is involved in the construction of tankers, cargo bulk carriers, passenger ships, and ferries. The shipyard plays a crucial role in the maritime industry, contributing to both military and civilian naval capabilities and supporting offshore oil and gas exploration. The metal composition of the ₹250 coin will consist of a Quaternary Alloy, comprising 50% Silver, 40% Copper, 5% Nickel, and 5% Zinc. The co