MOU Signed Between Department Of Defence Production And MDL


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.

You may also read!

Bomb Scare At Delhi Airport After ‘suspicious Object’ Found In Passenger’s Check-In Luggage

New Delhi's Indira Gandhi International Airport was sent into a tizzy on Thursday afternoon after a suspicious object was

Read More...

Firing At SSB Camp Near Jawahar Tunnel Killed One Personnel, Injured Another: J-K Police

The Jammu and Kashmir Police on Thursday confirmed that the firing incident outside the Sashastra Seema Bal (SSB) post

Read More...

Nuclear Warheads Still Building Up In 4 Countries: Watchdog

The global number of nuclear warheads dropped last year, but it seems China, India, North Korea and Pakistan are

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu