MoD and MDL MoU
Secretary (Defence Production) AK Gupta and Chairman and Managing Director, Mazagon Dock Shipbuilders Limited (MDL), Cmde Rakesh Anand at the signing of Memorandum of Understanding (MoU) between Department of Defence Production and MDL in New Delhi on Monday, 3 July, 2017. Also seen in the picture (from left) are Director (Finance), MDL Sanjiv Sharma, Additional Secretary Surina Rajan and Joint Secretary (Naval System) Vijayendra

National Defence Bureau,
New Delhi, 03 July 2017
Mazagon Dock Shipbuilders Ltd (MDL), a Miniratna Schedule ‘A’ DPSU under the Department of Defence Production, Ministry of Defence signed a Memorandum of Understanding (MoU) for the financial year 2017-18 with the Ministry. The annual MoU was signed between Secretary (Defence Production) AK Gupta on behalf of the Ministry and Chairman and Managing Director, MDL Cmde Rakesh Anand. The MoU outlines the targets and various performance parameters for the company. The revenue from operations has been targeted at 4500 crore. Significant milestones to be achieved under Project 75 (Scorpene Submarines) and shipbuilding projects of 15B (destroyers) and 17A (frigates) also form part of the MoU.


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