Commemorative Rs 250 Coin Unveiled by Defence Secretary at MDL's 250th Anniversary
| Event | Details |
|---|---|
| Event | Defence Secretary Giridhar Aramane unveiled a commemorative Rs 250 coin during the celebration of the 250th anniversary of Mazagon Dock Limited (MDL) in New Delhi on May 14, 2024. |
| Host | Mazagon Dock Limited (MDL) |
| About MDL | Established in 1774 in Mazagon, Mumbai, MDL became a private limited company in 1934, nationalized in 1960, and holds Mini-Ratna 1 status since 2006. It builds warships, submarines, and other vessels. |
| MDL's Achievements | Constructed 27 warships, 7 submarines, and various other vessels since 1960. |
| Recent Achievements | |
| 1. Midget Submarine Arowana | Unveiled platform design and hull of the indigenous midget submarine Arowana, a technology demonstrator for future submarine designs. Full-fledged submarine expected by 2028. |
| 2. Solar Electric Hybrid Boat | Introduced in collaboration with private companies, featuring a top speed of 11 knots, reduced running costs, and minimal maintenance. |
| 3. Fuel Cell Electric Ferry SUCHI | Launched a 24-passenger zero-pollution ferry with low acoustic signatures, promoting environmental conservation. |
| Issuing of Coins in India | |
| Coinage Authority | Government of India under the Coinage Act 1906. RBI circulates coins minted by the government. |
| Minting Process | Coins are minted at facilities in Mumbai, Alipore (Kolkata), Hyderabad, and NOIDA (Uttar Pradesh). |
| Commemorative Coins | Issued to mark special events, primarily for collection. Not legal tender unless notified. Tradition began in 1964 with a coin commemorating Jawaharlal Nehru's birth anniversary. |