Cochin Shipyard jumps on bagging order worth around Rs 550 crore
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Cochin Shipyard is currently trading at Rs. 464.40, up by 20.05 points or 4.51% from its previous closing of Rs. 444.35 on the BSE.
The scrip opened at Rs. 449.95 and has touched a high and low of Rs. 473.65 and Rs. 449.90 respectively. So far 36129 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 686.80 on 05-Dec-2022 and a 52 week low of Rs. 290.50 on 30-Mar-2022.
Last one week high and low of the scrip stood at Rs. 473.65 and Rs. 425.45 respectively. The current market cap of the company is Rs. 5845.00 crore.
The promoters holding in the company stood at 72.86%, while Institutions and Non-Institutions held 10.74% and 16.40% respectively.
Cochin Shipyard (CSL) has bagged order from NAVSHUTTLE 1 AS and NAVSHUTTLE 2 AS, Lysaker Norway, Companies in the Samskip Group, headquartered in Netherlands, for the design and construction of a total of two nos. of Zero Emission Feeder Container Vessels with an option for two more vessels.
The total project cost for the firm order is around Rs 550 crore and the first vessel is to be delievered in 28 months and the second to be within 34 months. These ships can carry abt. 365 Nos. of 45-feet long high cube containers and are intended to serve the European Market where sustainable transportation solutions are in high demand.
Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India. The company caters to clients engaged in India’s defence segment and global commercial shipping sector. These vessels have been designed in-house by CSL, and classed by the Indian Register of Shipping.
