250 Rupees India Govt. Mint 250 Years of Mazagon Dock Shipbuilders limited Commemorative Coin (Rs.250 Coin)

250 Rupees India Govt. Mint 250 Years of Mazagon Dock Shipbuilders limited Commemorative Coin (Rs.250 Coin)

Commemorative Coins :

manufacturing circulation coins. These coins are issued to commemorate events of historical
and social importance and to celebrate various accomplishments of public and private
organizations. India Government Mint, Mumbai has been releasing commemorative coins since
1964. The commemorative coins issued by the Mint are of very high quality and have a great
demand among coin collectors and numismatists.

Commemorative coins are of two types
Proof Coins
Uncirculated Coins

Proof Coins:

Proof coins are the high quality commemorative coins which have a frozen effect on the surface
design of the coin with a mirror finish. These coins are marked with the symbol 'M' to indicate
that they are manufactured at Mumbai Mint. These coins are sold at a premium price as they
are manufactured with high quality standards and have high numismatic value.

Uncirculated Coins:
Uncirculated coins are the high quality commemorative coins which have mirror finish on the
surface but without any frozen effect on the design. These coins are marked with a diamond
symbol to indicate they are stamped at Mumbai Mint. The uncirculated coins are also sold at
premium but they are priced a little lower than the proof coins.

History

In 1964 production of commemorative coins was started. The first commemorative coin was in the memory of Pandit Jawaharlal Nehru.

250 Years of Mazagon Dock Shipbuilders Limited

The history of Mazagon Dock dates back to 1774 that of 250 years, when a small dry dock was constructed in Mazagon, Mumbai to service ships of the British East India Company. Over the next 250 odd years, this small dock progressively developed into the massive conglomerate that is today universally known as Mazagon Dock Shipbuilders Limited. It has passed through various ownership and got incorporated in 1934. Finally, in the year 1960, the Government of India took over the yard to further its warship development programme and incorporated it as a PSU under the Ministry  of Defence.

From the initial order for building six Leander class frigates, under a transfer of technology from the British Admirality to the sophisticated destroyers and submarines, currently on order, the yard has come a long way.

Today, it is the premier and lead warship building yard in the country, a Mini Ratna Schedule – 1 company producing sophisticated world class warships and other commercial crafts. It produces world class stealth frigates, destroyers and submarines for the Indian Navy.

MDL is fully committed to continuously enhance the indigenous content of the ships, submarines and other vessels being built to ensure that the “Make in India” initiative of the Government of India is a success story in letter and spirit. MDL has played a vital role in defence production and indigenous manufacturing of capital goods for the Indian Navy.

Over the years the company has won numerous awards in various categories including the “Best Shipyard” for the year 2014-15.

MDL has the capability and capacity to handle both domestic and export orders simultaneously without compromising either of the verticals. MDL is trying to maximize geostrategic reach and meet International demand through Exports.