Mazagon Dock Shipbuilders Ltd said in a September 4, 2026, BSE filing that Maharashtra State Electricity Transmission Co. Ltd. (MSETCL) had placed a purchase order for an AI-based Comprehensive Infrasecure Project at five substations. The Mazagon Dock order carries a total value of Rs 117.99 crore, including GST and other duties.

The exact purchase order amount is Rs 117,99,71,564.90, according to the disclosure. The company specified GST at 18%, making the reported contract value inclusive of the stated taxes and duties rather than a value before those charges.

The government undertaking submitted the order disclosure to BSE and the National Stock Exchange under the exchange announcement category for award or receipt of orders. The BSE announcement was timestamped 7:40 pm on September 4.

Project scope and execution terms

The purchase order covers supply, installation and commissioning of the AI-based Comprehensive Infrasecure Project. Mazagon Dock identified MSETCL as the awarding entity and classified the contract as domestic.

  • Coverage: Five substations under the purchase order.
  • Execution period: 24 months.
  • Contract scope: Supply of the project, followed by installation and commissioning.

The disclosed scope therefore extends beyond equipment supply to installation and commissioning at the substations. The filing provides a single overall consideration for the project and does not break down the amount by substation or activity.

While it specifies the 24-month completion period, the supplied disclosure does not identify the individual substations or provide a calendar date for completion. It also does not set out separate delivery or commissioning milestones.

Related-party disclosures

Mazagon Dock stated that its promoter, promoter group and group companies have no interest in MSETCL, the entity awarding the purchase order. It also confirmed that the contract does not fall within related-party transactions.

The filing was signed by Lalatendu Acharya, Company Secretary and Compliance Officer, for Mazagon Dock Shipbuilders Ltd. It identifies the company by BSE scrip code 543237 and NSE symbol MAZDOCK, linking the purchase order disclosure to its exchange-listed securities.

Source: BSE corporate announcement.