Offensive Defence

MDL Will Deliver All 6 Scorpene Submarine To Indian Navy By 2023: CMD Vice Admiral Narayan Prasad

By business world

On the Keel laying of India’s stealth Frigates Project 17 Alpha at MDL, BW Businessworld’ s Manish Kumar Jha spoke with MDL’s Chairman & Managing director, Vice Admiral, Narayan Prasad. MDL’s IPO has seen the record subscription, receiving bids worth Rs 70000 cr. CMD talks about Indian navy’s next generation submarines Project 75 I, collaboration and its core AIP system development stage.
MDL’s IPO has seen record overall subscription. How will it boost MDL?
It is world’s unique shipyard with such diverse set of products. It proves that people have immense faith in us. We are constantly working on our leadership position in defence ships and submarines.
For IPOs that have happened till now in FY21, MDL has set the following records:
  • Highest overall Subscription; Rs 444 crore public offer of Mazagon Dock subscribed 157 times- a record by public sector
  • Highest Non-Institutional Subscription
  • 2nd highest in overall subscription in terms of amount
Often referred as the “Ship Builder to the Nation”, Mazagon Dock Shipbuilders (MDL) has crucial role in building maritime muscle of India. Could you talk about such vision and how MDL gears up for future challenges?
MDL has a rich legacy of building front line warships submarines, offshore platforms and a wide range of commercial vessels. MDL has played a very crucial role in contributing to the blue water capability of the Indian Navy since we embarked on the first indigenously built warship INS Nilgiri. Warship building in India has been the forte of state owned enterprises. The nuances of warship building is different from that of merchant shipbuilding.
With the continued support of indigenous shipbuilding industry, the Indian Navy has already transformed into a ‘Makers Navy’ from a ‘Buyer’s Navy’. R&D initiatives, adoption of industry best practices, benchmarking of our key processes against global standards, improvement in productivity should be the key drivers that can help achieve the goal.
For a country that is predominantly peninsular in nature with a coastline of approximately 7500 kms, requires a vibrant and strong shipbuilding industry for economic as well as strategic reasons. India’s shipbuilding capabilities need to keep pace with its macro economic development, market demand and the enormous human resource potential that we have.
MDL’s mission statement ‘Build Quality Ships on Time’ reflects our aspiration as a shipyard for continual holistic improvement in all spheres of the company’s activities. We are taking several steps to remain as a centre of excellence in ship and submarine building. I will mention just four of the key initiatives viz Human resources, best practices, procurement and infrastructure:
Human resources with the requisite complex skill sets are our main asset. It is our focus.

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