Page 2 - Cochin Shipyard

Cochin Shipyard rallies over 4% after unit bags order worth Rs 1,100 crore

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

Cochin Shipyard gets 60 mn euros order for hybrid SOVs from UK operator

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

This shipbuilding stock has zoomed 76% in 10 days; at new high post Q4 nos

Cochin Shipyard stock update: The stock hit a new high after the company reported a near 7-fold jump in net profit in Q4FY23 backed by a 114 per cent surge in revenue.

IOCL, Sun TV, Cochin Shipyard, Bosch, among eight stocks to watch on May 27

Stocks to watch on May 27: Bosch showed a 4.2 per cent YoY increase in revenue to Rs 4,233 crore, with a notable 41.7 per cent rise in net profit to Rs 564 crore

Cochin Shipyard Q4 results: Net profit rises multi-fold to Rs 259 crore

State-owned Cochin Shipyard Ltd on Friday reported multi-fold growth in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter on account of higher income. It had clocked Rs 39.33 crore profit in the year-ago period, the company said in a regulatory filing. The company's total income rose to Rs 1,366.16 crore from Rs 671.32 crore in January-March FY23. The board of the company also approved a final dividend of Rs 2.25 per share for FY24. Cochin Shipyard is one of the leading shipbuilding and repair yards in India. It also has an exclusive area set for offshore construction and future expansion. The company earned a revenue of Rs 985.15 crore from the shipbuilding segment against Rs 453.84 crore in Q4 FY23. From ship repairing, it has registered a revenue of Rs 300.89 crore compared to Rs 146.24 crore a year ago. For the full FY24, the company's profit more than doubled to Rs 783.27 crore from Rs 304.70 crore in FY23.

Shipbuilders stock at new peaks; Here's what triggered the rally on May 23

Shares of shipbuilding firms in India soared to record high levels in trades on Thursday after Garden Reach Shipbuilders reported strong Q4 earnings.

50% run in these NSE stocks in 2024. Are they in your portfolio? Key levels

One out of every 10 NSE 500 stocks has rallied over 50% so far in 2024. Here's a technical outlook on select stocks which are trading with bullish bias.

Shipbuilding stocks on roll; Cochin, GRSE zoom upto 58% so far in Apr

Thus far in the month of April, these stocks have zoomed up to 58 per cent

Stock of this shipbuilding company has zoomed over 100% in 5 months

Shares of Cochin Shipyard (CSL) hit a new high on Monday after the shipbuilder signed Master Shipyard Repair Agreement (MSRA) with the United States Navy.

Cochin Shipyard, Mazagon Dock, Garden Reach Shipbuilders rally up to 10%

Shares of Garden Reach Shipbuilders & Engineers (GRSE) surged 10 per cent to Rs 903.70 on back of two-fold jumps in average trading volumes today

India outpaced several developed nations in ship-turnaround time: PM Modi

Prime Minister Narendra Modi on Wednesday highlighted that India has outpaced several developed nations in ship-turnaround time, emphasising the country's proven potential and standing in global trade. The prime minister made these remarks while dedicating projects worth Rs 4,000 crore to the nation, including crucial strategic initiatives at Cochin Shipyard Limited. He mentioned that these projects would accelerate the development of the southern region of the country. "The world is recognising India's potential and position in global trade," Modi said, shedding light on the agreements made during India's G20 Presidency regarding the Middle East-Europe Economic Corridor. Modi said that the Middle East-Europe Economic Corridor will further strengthen the creation of 'Viksit Bharat' by providing a boost to the coastal economy of India. Reflecting on the past, the prime minister recalled that just a decade ago, ships had to wait for a considerable amount of time at the ports, and ...

PM Modi dedicates Rs 4,000 crore worth of projects to nation in Kochi

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.

465 BSE stocks freeze in upper circuit; Network18, Motisons, ITL zoom 20%

Among individual stocks, Cochin Shipyard was up 20 per cent at Rs 802.40, also its record high on the BSE. The stock turned ex-date for the sub division of equity shares in the ratio of 2:1

Cochin Shipyard soars 8% on turning ex-split; up 148% in 6 months

The company had fixed January 10 as the Record Date for the proposed 2:1 stock split.

Cochin Shipyard, Defence ministry sign Rs 488 cr contract for ship repairs

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

Sensex sprints 970 pts, ends atop 71,450; Nifty holds 21,450; IT, PSBs jump

Stock market LIVE updates on December 15, 2023: In the broader markets, the BSE MidCap and SmallCap indices were ruling 0.44 per cent and 0.65 per cent higher, respectively

India should look at making niche, medium-sized vessels: Cochin Shipyard MD

India can be in a "positive spot" when it comes to ship building prospects and the country should look at making niche, technologically-advanced vessels rather than large bulk carriers, according to a senior industry official. Cochin Shipyard Ltd's Chairman and Managing Director Madhu S Nair also said that India with an all-round positivity could emerge as an alternative hub in the space for niche and medium-sized, technologically advanced vessels amid the green transition. The general perception is that the focus should be building all those large bulk carriers or tankers for making India as a manufacturing base for ships, he pointed. "(However), I have a slightly different perception because our current structure is not ideally suited for that. So why shouldn't we look at our strengths, which would be (to focus) a little bit more on niche vessels that have advanced technologies, alternate fuel cells, hybrid electric vessels. Not very large but medium-size vessels," he told PTI ...

Defense shares in focus; Cochin Shipyard, Garden Reach, MTAR gain up to 14%

Ratings agency Icra expects business opportunities worth Rs 2.75 trillion to open up for Indian defence entities during FY24 and FY25

BEL bags Rs 2,118.57 crore order from Cochin Shipyard for various equipment

Bharat Electronics Limited received an order of Rs 2,118.57 crore from Cochin Shipyard Limited for supply of various equipment consisting of sensors, weapon equipment, fire control systems and communication equipment for six numbers of next generation missile vessels and class of anti-surface warfare corvettes for Indian Navy. This project will have participation of Indian electronics and associated industries, including MSMEs, which are sub-vendors of BEL, Bengaluru-headquartered BEL said in a statement on Friday. The equipment manufactured by BEL are part of 'Aatmanirbhar Bharat' programme. The company has also received additional orders worth Rs 886 crore since the last disclosure on August 25 and the said orders pertain to upgrade of AFNET SATCOM N/W, upgrade of Akash missiles with RF Seeker, inertial navigation system and other equipment with accessories and spares, among others. "With this, BEL has in all received orders worth Rs 14,384 crore till now in the financial year .

Cochin Shipyard gains 20%, Sandur Manganese lists on NSE, and more

The initial public offering (IPO) of Jupiter Lifeline Hospitals was subscribed 3.3 times on Thursday, the second day of the issue