Chennai/IBNS, Sept. 23 -- Mazagon Dock Shipbuilders Limited (MDL), one of India's leading defence public sector shipyards, has signed a memorandum of understanding with Tamil Nadu's investment promotion agency Guidance Tamil Nadu to explore the development of a greenfield shipyard on the country's eastern coast.

The agreement was signed on Sept 19, 2025, by Biju George, Director (Shipbuilding) of MDL, and Dr. Darez Ahamed, Managing Director and CEO of Guidance Tamil Nadu, during a ceremony organised by the Ministry of Ports, Shipping and Waterways in Bhavnagar, Gujarat.

MDL, based in Mumbai, is best known for building warships and submarines for the Indian Navy, including stealth frigates and Scorpene-class submarines. The company's exp...