Mazagon Dock Shipbuilders Limited (MAZDOCK)
Giving guarantees/indemnity/ becoming a surety for third party
Board approved additional credit facility of Rs 1,250 Cr with SBI Mumbai for issuing Standby Letter of Credit (SBLC) in favor of SBI Sri Lanka for subsidiary Colombo Dockyard PLC (CDPLC). SBLC enables CDPLC to issue bank guarantees to its clients. MDL bears liability if CDPLC defaults. SBLC charges and costs borne by MDL, reimbursed by CDPLC with 10% markup.
Source: Original filing PDF
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Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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