Mazagon Dock plans Rs 2,000 cr greenfield capex next to Nhava Sheva port

Aim is to attract third-party orders which currently stand at nil, firm is on the lookout for consultant

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Mazagon Dock Shipbuilders

Aditi Divekar  |  Mumbai 

In a bid to attract orders from third parti es (which currently stand at nil), Mazagon Dock Shipbuilders Ltd plans to develop the 37-acre land it has adjacent to Nhava Sheva port into a dockyard in coming years. “We are in the process of hiring a consultant who can carry out the entire examination that is needed and commensurate with the funds required for this project.

The entire fund requirement, however, will not come at one time and so we will be prepared for this greenfield project,” Narayan Prasad, chairman and managing director of Mazagon Dock Shipbuilders Limited ...

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First Published: Thu, September 24 2020. 20:07 IST
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