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

Mazagon Dock Shipbuilders Limited (MDL), Mumbai celebrated its 250th Foundation Day on 16 May 2024 and released a commemorative coin.

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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