Shares of Mazagon Dock Shipbuilders Ltd. fell by 1.5% after touching a day’s high of Rs 4,479.40 on 11th October, despite the firm announcing the receipt of a purchase order from Maharashtra State Power Generation Company Ltd. (MAHAGENCO) for the supply, installation, and commissioning of an AI-based “comprehensive infrasecure project.”

Maharashtra State Power Generation Company Ltd. (MAHAGENCO) has placed a Purchase Order with Mazagon Dock Shipbuilders Ltd. for the supply, installation, and commissioning of an AI-based Comprehensive Infrasecure Project at GTPS-Uran and KGSC-Pophali. According to a stock exchange filing, the total contract value is Rs 121.7 crore, including taxes and duties.

Along with the initial project, the company will provide annual maintenance contracts (AMC) for the installed items after the first year. The company aims to complete the project by 10th October 2025.

In August, the company indicated that the margin achieved in the June quarter might not be sustained. According to Chairman and Managing Director Sanjeev Singhal, the company expects a sustainable EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) margin of around 11-12% for the financial year 2025.

He mentioned that Mazagon Dock is a cash surplus company with no working capital concerns or liabilities from debts. He also noted a reasonable margin for their projects, including the repair verticals and offshore projects, would be around 10-12%.

At 11:51 AM, the shares of Mazagon Dock were trading 0.75% lower at Rs 4,395 on NSE.

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