Mazagon Dock lays Keel for the fourth stealth frigate of project 17A; stock down by ~2%

30 Jun 2022 , 01:49 PM

Mazagon Dock Shipbuilders Limited announced that RAdm G K Harish, Director General Naval Design- of the Indian Navy laid the keel of the fourth ship (Yard- 12654) of the prestigious P17A class stealth frigates on June 28, 2022.

Pl7A warships are the Shivalik class stealth frigates’ successors. This series will consist of seven frigates, four of which will be built by Mazagon Dock Shipbuilders Limited (MDL) and three by GRSE with MDL serving as the lead yard.

The P17A class frigates are built with indigenous steel and outfitted with cutting-edge weapons and sensors, as well as an Integrated Platform Management System. These ships have improved stealth capabilities.

The construction of P17A ships differs from the concept of warship building by utilizing a cutting-edge methodology known as ‘Integrated Construction’ in which the blocks are pre-outfitted before joining to reduce the build period of warships.

When completed, the platforms will vastly improve the combat capability of the Indian Navy.

At around 1.53 PM, Mazagon Dock was trading at Rs247.05 down by Rs5.1 or 2.02% from its previous closing of Rs252.15 on the BSE. The scrip touched intraday high and low of Rs254.20 and Rs245.50 respectively.