Cochin Shipyard rises on bagging order from European Client for construction of Hybrid Service Operation Vessel
Cochin Shipyard is currently trading at Rs. 1251.25, up by 56.25 points or 4.71% from its previous closing of Rs. 1195.00 on the BSE.
The scrip opened at Rs. 1238.65 and has touched a high and low of Rs. 1278.70 and Rs. 1238.65 respectively. So far 16544 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1378.95 on 30-Apr-2024 and a 52 week low of Rs. 234.53 on 25-May-2023.
Last one week high and low of the scrip stood at Rs. 1304.65 and Rs. 1169.00 respectively. The current market cap of the company is Rs. 31438.15 crore.
The promoters holding in the company stood at 72.86%, while Institutions and Non-Institutions held 7.67% and 19.47% respectively.
Cochin Shipyard (CSL) has bagged a large order from a European Client, for the design and construction of a Hybrid Service Operation Vessel (Hybrid SOV) with an option for two more such vessels. The vessel is equipped with hybrid battery systems to improve the energy efficiency and reduce the carbon foot prints.
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. The project is expected to be completed by the end 2026.
Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.
