Shares of Mazagon Dock Shipbuilders Limited fell 1% after touching a day’s high of Rs 2,651.10 on 21st March, despite the firm announcing a collaboration with the Goa State Disaster Management Authority to bolster the state’s disaster preparedness and response capabilities.
Mazagon Dock signed an MoU with the Goa State Disaster Management Authority on 20th March 2025 to develop an AI-powered disaster management system.
The “AI-based Wireless Disaster Detection, Rescue & Communication System,” aims to improve disaster detection, rescue operations, and communication.
Mazagon Dock stated in its exchange filing today that AI will enhance efficiency in handling disaster situations.
More details on the project’s timeline and features will be shared in the coming months.
Meanwhile, Garden Reach Shipbuilders announced an MoU with PWD Nagaland today to supply eight Double Lane Modular Steel bridges.
At 12:39 PM, the shares of Mazagon Dock were trading 0.88% lower at Rs 2,610.05 on NSE.
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