2 hrs ago
Mazagon Dock Wins Rs 117.99 Crore AI Security Order
Mazagon Dock Shipbuilders has received a large work order from a Maharashtra electricity utility.
The order is worth Rs 117.99 crore.
The company will install an artificial-intelligence-based security system.
The system will cover five electricity substations.
The work includes supplying, installing and starting the equipment.
It is expected to take 24 months.
The price includes taxes and other duties.
Mazagon Dock said the deal is not connected to its promoters.
Its share price rose 4.55% during the month mentioned in the report.
Mazagon Dock Shipbuilders received a Rs 117.99 crore purchase order from Maharashtra State Electricity Transmission.
The contract covers supply, installation and commissioning of an AI-based infrastructure security project.
The project will be implemented across five substations in a domestic contract.
Execution is scheduled to take 24 months, with the order value including 18% GST and other duties.
Mazagon Dock said the order is not a related-party transaction and its shares gained 4.55% over the past month.
- Who
- Mazagon Dock Shipbuilders and Maharashtra State Electricity Transmission.
- What
- A Rs 117.99 crore contract for an AI-based Comprehensive Infrasecure Project.
- Where
- Across five substations in Maharashtra.
- When
- The project is scheduled for execution over 24 months; the share-price update refers to September 7.
- Why
- To supply, install and commission an AI-based infrastructure security project.
Key facts
- Order value
- Rs 117.99 crore
- Customer
- Maharashtra State Electricity Transmission
- Project
- AI-based Comprehensive Infrasecure Project
- Project coverage
- Five substations
- Execution period
- 24 months
- Tax inclusion
- 18% GST and other duties included
- Related-party status
- Mazagon Dock said the order is not a related-party transaction
Sources
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