State-owned defence firm Mazagon Dock Shipbuilders on Tuesday said it has a healthy order book of Rs 54,000 crore, which has to be executed within 6-7 years.

Mazagon said it expects to see some dip in the company's financial performance for FY21, but will do well in FY22 and FY23.

The company said the government intends to divest 15.17 percent stake via IPO to raise Rs 444 crore. However, it has cut down the issue size as compared to the original IPO plan.

Watch the video for more details.