Cochin Shipyard Limited

The Cochin Shipyard scrip soared after the company announced that it has signed a contract of Rs 1,000 crore with the Defence Ministry for short refit and dry docking of a large Indian naval vessel

The Cochin Shipyard share rose after the company entered into a Memorandum of Understanding with Seatrium Letourneau for the design and critical equipment for jack-up rigs for the Indian market

Cochin Shipyard has declared an interim dividend of Rs 4 per equity share of Rs 5 each fully paid up (80 per cent) for FY25

Navratna Defence PSU Bharat Electronics Limited has secured an order worth Rs 850 crore from Cochin Shipyard Limited for the supply of indigenous Multi-Function Radar in X Band on Wednesday. The fully indigenous radar, designed by DRDO and manufactured by Bharat Electronics Limited (BEL), is capable of detecting, acquiring and tracking airborne targets to provide protection for naval ships, according to a press release. T D Nandakumar, General Manager (ADSN), BEL, received the order from Sreejith, Director (Operations), Cochin Shipyard Limited (CSL), in the presence of K V Suresh Kumar, Director (Marketing), BEL, V J Jose, Director (Finance), CSL, and Prabha Goyal, Executive Director (National Marketing), BEL.

These stocks have corrected between 27 per cent and 38 per cent from their respective all-time high levels touched in July.

The uptick in the share price came after the company announced a strong set of June quarter of financial year 2025 (Q1FY25) results.

UCSL, under contract terms, will undertake the design and construction of four 6300 TDW dry cargo vessels, the company said in a statement

The Udupi Cochin Shipyard Limited (UCSL), a wholly owned subsidiary of the Cochin Shipyard Limited (CSL), has bagged a Rs 1,100 crore-worth international order for eight 6300 TDW dry cargo vessels. CSL said it has won an international order from Wilson ASA, Norway, for the design and construction of four 6,300 TDW dry cargo vessels. "An agreement has also been entered into for an additional four vessels of the same type, which will be formally contracted within September 19, 2024," a CSL release said. CSL said the new order was a continuation of the contract awarded in June 2023 for the design and construction of six 3800 TDW dry cargo vessels, which are now at advanced levels of construction at the yard at Udupi in Karnataka. "The vessel is of 100 meters length and has a deadweight of 6300 metric tonnes at a design draft of 6.5 metres. The vessels shall be designed by Conoship International, Netherlands, and shall be constructed as an environment-friendly diesel-electric vessel fo

Udupi Cochin Shipyard Limited (UCSL), a wholly-owned subsidiary of India's leading shipyard, Cochin Shipyard Limited (CSL), has secured a major order from Ocean Sparkle Limited, a prominent Indian tug operator under Adani Harbour Services Limited. The contract for construction of three ASD (Azimuth Stern Drive) Tugs of 70 T bollard pull power was signed by Harikumar A, CEO, UCSL and Hiren Shah, MD and CEO, OSL, according to a CSL statement here on Friday. UCSL had earlier contracted construction of two 62 T bollard pull ASD tugs for OSL. Both these tugs were delivered by UCSL before contractual delivery dates, and have been deployed by OSL at Paradeep Port and New Mangalore Port. These new 70 Tonne bollard pull tugs will have a length of 33 metre, Beam of 12.2 metre and draft of 4.2 metre, the statement said. They will be propelled by two main engines of 1838 kW, thrusters of 2.7 metre dia, diesel generators of 150 kW, forward towing winch, aft winch, deck crane (3T) and external

India's leading shipyard, Cochin Shipyard Limited (CSL), on Monday said it has secured another prestigious international order from North Star Shipping, a top UK-based offshore renewable operator, for the construction of a hybrid Service Operation Vessels (SOVs). They will be building hybrid SOVs for a contract with Siemens Gamesa. These vessels will be deployed at the Scottish Power Renewables East Anglia THREE offshore wind farm, situated off the Suffolk coast, an official release said here. A CSL source said the order is valued at EUR 60 million. It said the ship building contract also has an option to contract two more such vessels. North Star, earlier in the year, contracted another hybrid SOV with Cochin Shipyard. With attention turning towards sustainable and green energy solutions, there is a large global focus on the development of offshore renewable energy segments. CSL said the hybrid SOVs are the workhorse of the growing, highly specialised renewables segment, in whi

The Government of India's initiatives to make India self-reliant in providing weapon systems to the Indian Armed Forces and clearance for export to FFCs have opened plenty of opportunities for defense

Prime Minister Narendra Modi dedicated projects worth Rs 4,000 crore to the nation on Wednesday, including key strategic initiatives at Cochin Shipyard Limited. The projects comprise a 310-metre-long dry dock, constructed to international standards, and the International Ship Repair Facility (ISRF), India's first fully developed pure ship repair ecosystem. Additionally, the dedication includes the IOCL's LPG import terminal. Prior to the inauguration, Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal, reviewed the preparation of the projects at Cochin Shipyard Limited (CSL) on Tuesday. The government anticipates that with the dedication of these projects, CSL is poised to double its turnover within the next four years to Rs 7,000 crores.

Cochin Shipyard Limited signed a Rs 488.25 crore contract with the Defence ministry for repair and maintenance of equipment onboard naval vessels

The defence ministry on Monday signed a Rs 313 crore contract with the Cochin Shipyard Limited (CSL) for mid-life "upgrade and re-powering" of frontline frigate INS Beas. The ministry said the "transformative maiden re-powering" project marks a significant stride in the maintenance philosophy of the Indian Navy and repair capabilities of CSL. "The ministry of defence signed a contract on October 16 in New Delhi for mid-life upgrade and re-powering of INS Beas with Kochi-based M/S Cochin Shipyard Limited at an overall cost of Rs 313.42 crore," it said. INS Beas is the first of Brahmaputra class frigates to be re-powered from steam to diesel propulsion. "After completion of the mid-life upgrade and re-powering in 2026, INS Beas will join the active fleet of the Indian Navy with a modernised weapon suite and upgraded combat capability," the ministry said in a statement. "The transformative maiden re-powering project marks a significant stride in the maintenance philosophy of the Indi

The company has received an order of Rs 550 crore from Norway-based global logistics solution provider Samskip Group.

ICICI Securities remains positive on CSL led by strong earnings visibility considering healthy order backlog, expected pick-up in execution, and strong opportunities in ship-building segment

The stock hit a new high of Rs 610.75, and has rallied 12 per cent in past two days, surpassing its previous high of Rs 598.90, touched on November 24, 2017.

Thus far in FY23, MDL (up 277%), GRSE (201%) and Cochin Shipyard (185%) have seen their market price appreciated more than 100%, as against nearly 4% rise in Sensex.

Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers, and Cochin Shipyard have surged 129 per cent, 121 per cent, and 49 per cent each so far this year

The defence shipbuilding segment continues to look promising on account of ambitious acquisition plan of Indian Navy and Indian Coast Guard.