Cochin Shipyard Shares Acquire 2% on Order for Two Tugs 

June 30, 2025June 30, 2025

Shares of Cochin Shipyard Ltd gained 2% on 30 June after the corporate introduced receiving a “notable” order from Polestar Maritime Ltd. to construct two 70 T bollardpull tugs.

Orders between Rs 100 crore and Rs 250 crore are thought-about “notable” by Cochin Shipyard. The tugs are deliberate to be delivered in Might 2027 and September 2027. The tugs are along with three 70 T bollard draw tugs already contracted with Udupi Cochin Shipyard Ltd. (Udupi-CSL), Cochin Shipyard’s wholly-owned subsidiary.

Based on the corporate, the tugs shall be manufactured based mostly on designs by Robert Allan Ltd, a number one international design home for harbour tugs. Cochin Shipyard and its wholly-owned subsidiary have benchmarked the supply deadlines and high quality of tugs being in-built India, and Udupi-CSL has been piloting the primary initiatives beneath this technique, the corporate mentioned.

Cochin Shipyard and Udupi-CSL will collaborate to construct the vessels beneath a work-sharing association. The vessels shall be propelled by two 1,838 kW primary engines and a pair of.7m propellers from Niigata IHI Energy Methods in Japan, in accordance with the assertion.

CSL Group has beforehand delivered 4 tugs beneath the Make in India challenge, and with the brand new contract, the present order guide now includes 18 tugs and two inexperienced tugs, which the enterprise says are in varied levels of building.

At 12:19 pm, the shares of Cochin Shipyard had been buying and selling 1.51% greater at Rs 2,075.10 on NSE.

Unlock worthwhile alternatives day-after-day! Unicorn Indicators supplies actionable intraday buying and selling indicators for shares and futures. Don’t miss out – obtain Unicorn Indicators and begin successful now!