250th Foundation Day of Mazagon Dock Shipbuilders Limited (MDL)

Mazagon Dock Shipbuilders Limited (MDL), Mumbai, which has taken Indian warship building technology to new heights, has celebrated its 250th Foundation Day on 16 May 2024. 

Key Points

• To mark the occasion, a special coin of Rs 250 was released, provided by the Reserve Bank of India, which was designed to honor the rich history and historical heritage of the shipyard.
• At an event organized in Mumbai to commemorate the Foundation Day, the Defense Secretary described Mazagon Dock Shipbuilders Limited as a precious gem of India, which has made a huge contribution to the country’s economy and security by developing various capabilities for the Navy as well as for other commercial purposes. have contributed.

About Mazagon Dock Shipbuilders Limited (MDL)

• Mazagon Dock Shipbuilders Limited was established as a private limited company in the year 1934.
• One of the leading shipping and shipbuilding companies of India.
• It is a Miniratna company under the Ministry of Defense of the Government of India.
• It was given the status of Mini-Ratna 1 by the Government of India in the year 2006.
• The company is engaged in shipbuilding, ship repair and modification, heavy pressing and manufacturing of engineering products.
• MDL has two dockyards in Mumbai and Mazgaon. Apart from this it has also established a major dockyard at Naliya.
• It builds warships and other vessels for the Indian Navy, Coast Guard and various paramilitary forces.
• MDL also builds ships, tankers, container ships and other commercial vessels.
• Reconstruction and repair of old ships is also carried out.
• MDL also exports ships and other marine products to various countries.

About commemorative coins

• Several commemorative coins have been issued by the Reserve Bank of India on the occasion of Jawaharlal Nehru’s birth anniversary (14 November).
• The first commemorative coin in India was issued with the image of Jawaharlal Nehru in the year 1964 to commemorate his birth anniversary.
• In the year 1989, on the 100th birth anniversary of Nehruji, the Reserve Bank had issued a commemorative coin. The weight of this gold coin was 35 grams and its quantity was limited to 5,000.
• On the occasion of his 125th birth anniversary in the year 2014, the Reserve Bank issued 4 commemorative silver coins. Their prices were Rs 150, 250, 300 and Rs 1,000 respectively.
• In the year 2014 itself, a gold commemorative coin bearing the statue of Nehruji was also issued, which weighed 20 grams.
• In the year 2019, a coin was issued on his 130th birth anniversary, which was worth Rs 75.
• Commemorative coins are issued by the Reserve Bank of India. These coins are made from various metals such as stainless steel, bronze, silver and gold.
• Commemorative coins depict great men, historical events, major awards, events of national importance, etc.
• The main objective of issuing commemorative coins by the government is to honor national events and personalities and to permanently mark their significance.

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