Amaravati, Sep 18 (SocialNews.XYZ) Mazagon Dock Shipbuilders Limited (MDL), a Navratna Defence PSU under the Ministry of Defence, will develop a modern greenfield shipyard at Dugarajapatnam in Andhra Pradesh, it was announced on Friday. A Memorandum of Understanding (MoU) towards this effect was signed between MDL Chairman & Managing Director Captain Jagmohan (retd) and National Shipbuilding and Heavy Industries Park-Andhra Pradesh (NSHIP-AP) Managing Director Praveen Adhithya on Friday in the presence of Chief Minister N. Chandrababu Naidu, according to an official release. The Andhra Pradesh government is envisaging the development of a greenfield shipbuilding-cum-port cluster at Dugarajapatnam, and the Techno-Economic Feasibility Report estimates the shipbuilding and ship repair yard cost at approximately Rs 29,254 crore and the port at Rs 9,513 crore.