The uptick in the share price came after the company announced that it has commenced the production activity for the first Multipurpose Cargo Vessel (MPV) for Navi Merchants, Denmark.
The company's portfolio also includes Naval Platforms like Frigates, Destroyers, and Missile Boats, along with Merchant Ships and Oil Sector equipment such as Offshore Platforms and Jack-up rigs.
These Ice Class 1B vessels will be equipped with a single screw, controllable pitch medium-speed diesel engine, and incorporate Electrical Energy Storage systems to adhere to DNV Class notation Battery (Safety) for unrestricted global operations.
The story "Mazagon Dock up 3% on commencing production for Multipurpose Cargo Vessel" has 564 words across 26 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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