Mazagon Dock Shipbuilders Limited (NSE: MAZDOCK) has informed the exchanges about signing a memorandum of understanding (MoU) with both the Brazilian Navy and the Indian Navy.
This development highlights the company’s ongoing efforts to strengthen strategic partnerships in the maritime and defence sectors.
MoU with Brazilian Navy and Indian Navy
According to the filing, the company has entered into an MoU involving the naval forces of Brazil and India. The agreement signals an enhanced intent to collaborate in the areas of naval shipbuilding, maritime technology, and related defence capabilities.
While detailed operational or project-specific plans have not yet been disclosed, the MoU underscores Mazagon Dock’s growing engagement with both domestic and international defence partners, reinforcing its position as a key player in the global naval shipbuilding ecosystem.
Corporate Action History
Mazagon Dock Shipbuilders has also highlighted its recent dividend announcements:
- An interim dividend of ₹6 per share, with 4 November 2025 as both the ex-date and record date.
- A dividend of ₹2.71 per share, with the ex-date and record date on 19 September 2025.
Shareholders who held the stock in their demat accounts as of the respective record dates were deemed eligible for these dividend distributions.
Summary:
Mazagon Dock Shipbuilders has signed an MoU with the Brazilian Navy and Indian Navy to deepen collaboration in naval shipbuilding and maritime technology. While detailed plans are yet to be revealed, the agreement reflects growing international and domestic defence partnerships. The company also reiterated its recent dividend payouts of ₹6 and ₹2.71 per share, aligned with their respective record dates.
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