Cochin Shipyard Secures ₹2,000 Crore Order
Cochin Shipyard Limited (CSL) has announced a significant contract worth over ₹2,000 crore from a leading European client. The order involves the design and construction of six feeder container vessels, each capable of carrying approximately 1,700 twenty-foot equivalent units (TEUs) and powered by liquefied natural gas (LNG). The company confirmed the receipt of a Letter of Intent (LoI) for this project in a regulatory filing on Tuesday.
Cochin Shipyard Receives LoI for Major Contract
In its recent regulatory announcement, Cochin Shipyard revealed that it has received a Letter of Intent (LoI) for the substantial order. The formal shipbuilding contract, which will outline the technical and commercial terms, is expected to be finalized shortly. Importantly, the company clarified that none of its promoters, promoter group, or affiliated companies have any stake in the client that awarded this order, ensuring that the transaction does not qualify as a related-party transaction.
Marine pilots “work to rule” to hit ship movements in Cochin Port
This new contract adds to Cochin Shipyard’s robust portfolio, which already includes a diverse range of projects across defense, commercial, and export sectors. The company reported a strong order book of approximately ₹21,000 crore as of the end of FY25, with 74 vessels currently on order, including 50 that are under construction. This growth underscores Cochin Shipyard’s expanding role in the maritime industry and its commitment to delivering advanced shipbuilding solutions.
Cochin Shipyard’s Stock Performance
Following the announcement of the new order, Cochin Shipyard’s share price saw a notable increase, reaching an intraday high of ₹1,807.65 around 9:40 AM. The stock has experienced a remarkable rise of nearly 14.29% since the beginning of the year, reflecting investor confidence in the company’s future prospects. As Cochin Shipyard continues to secure significant contracts and expand its operations, its stock performance is likely to remain a focal point for investors and market analysts alike.
