Cochin Shipyard jumps on bagging order worth Rs 500 crore from European Client
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Cochin Shipyard is currently trading at Rs. 931.80, up by 19.00 points or 2.08% from its previous closing of Rs. 912.80 on the BSE.
The scrip opened at Rs. 924.00 and has touched a high and low of Rs. 941.05 and Rs. 920.00 respectively. So far 179523 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 944.65 on 31-Jan-2024 and a 52 week low of Rs. 205.50 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 944.65 and Rs. 855.65 respectively. The current market cap of the company is Rs. 24484.93 crore.
The promoters holding in the company stood at 72.86%, while Institutions and Non-Institutions held 6.30% and 20.84% respectively.
Cochin Shipyard has bagged order from European Client, for the design and construction of one no. hybrid Service Operation Vessel (SOV). The total project cost for the firm order is around Rs 500 crore and the vessel to be delivered in 2026. The vessel is designed and built for the service, maintenance and operational needs of the offshore wind farm industry in the European market where sustainable energy solutions are in high demand.
Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.
