Shares of Cochin Shipyard Ltd 2% larger on 14 October after the corporate introduced securing a giant order from a consumer in Europe.
The corporate introduced in an alternate assertion that it had acquired a “mega” order from a famend European consumer. Cochin Shipyard classifies “mega” orders as these value greater than Rs 2,000 crore.
The defence PSU claimed that the Letter of Intent (LoI) was signed on 14 October and {that a} formal contract detailing the techno-commercial phrases can be signed in the end.
Cochin Shipyard’s order e book is at present at Rs 21,100 crore, in comparison with Rs 22,500 crore on the finish of the June quarter of fiscal 12 months 2025.
Cochin Shipyard reported that the order is for the design and constructing of six feeder container boats, every with a capability of just about 1,700 twenty-foot equal models (TEU) and powered by liquefied pure gasoline (LNG).
Cochin Shipyard Restricted operates within the shipbuilding and ship restore trade, specializing in the development, restore, refit, and upgradation of assorted varieties of vessels. The corporate additionally undertakes periodic layup repairs and life extension tasks to reinforce the operational lifespan of ships.
At 2:45 pm, the shares of Cochin Shipyard had been buying and selling 1.81% larger at Rs 1,792.10 on NSE.
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