2024 - Mazagon Dock Shipbuilders Ltd | Commemorative Coin

A commemorative coin of ₹250 will be issued to mark the 250 Years of Mazagon Dock Shipbuilders Limited. The Ministry of Finance has issued the gazette notification on March 12, 2024. 

Mazagon Dock Shipbuilders Limited (MDL), formerly known as Mazagon Dock Limited, is a shipyard located in Mazagaon, Mumbai. It specializes in the construction of warships and submarines for the Indian Navy, as well as offshore platforms and support vessels for offshore oil drilling. In addition to its defense-related projects, MDL is engaged in the construction of tankers, cargo bulk carriers, passenger ships, and ferries.

The shipyards of MDL were established in 1774. Ownership of the yards underwent several changes, including entities such as the Peninsular and Oriental Steam Navigation Company and the British-India Steam Navigation Company. Eventually, 'Mazagon Dock Limited' was registered as a public company in 1934. The shipyard was nationalized in 1960 and is now a public sector undertaking of the Government of India.

MDL's inaugural warship, the 2900-ton displacement INS Nilgiri, lead the class and marked a significant milestone. Launched on 15 October 1966, it was commissioned on 23 June 1972. Over the subsequent nine years, five more frigates of this class were constructed for the Indian Navy.

In addition to warships, MDL is involved in the construction of offshore oil drilling platforms. Operating facilities at Alcock, Mumbai, and Nhava Yard, MDL specializes in building platforms with capabilities including wellhead, water injection, production separator, and glycol processes. The shipyard also undertakes the construction of jackup rigs, single buoy moorings (SBMs), and various other offshore structures.

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