Cochin Shipyard surges after its arm bags order from Ocean Sparkle
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Cochin Shipyard is currently trading at Rs. 1963.00, up by 6.25 points or 0.32% from its previous closing of Rs. 1956.75 on the BSE.
The scrip opened at Rs. 1980.00 and has touched a high and low of Rs. 2010.00 and Rs. 1901.10 respectively. So far 261657 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2100.00 on 27-May-2024 and a 52 week low of Rs. 245.18 on 01-June-2023.
Last one week high and low of the scrip stood at Rs. 2100.00 and Rs. 1840.00 respectively. The current market cap of the company is Rs. 51717.74 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’s wholly owned subsidiary -- Udupi Cochin Shipyard (UCSL) has bagged another prestigious order from its existing customer and leading Indian tug operator, Ocean Sparkle (OSL), an Adani Harbor Services. The contract is for construction of three ASD (Azimuthing Stern Drive) Tugs of 70 T Bollard Pull Power.
These new 70 Tonne Bollard Pull Tugs will have a length of 33 Mtr, Beam of 12.2 Mtr and Draft of 4.2 Mtr. They will be propelled by two Main Engines of 1838 kW, Thrusters of 2.7 Mtr Dia, Diesel Generators of 150 kW, Forward Towing Winch, Aft Winch, Deck Crane (3T) and External Fire Fighting System (FIFI-1 - 2800 Cu Mtr per Hr). These tugs, designed by Robert Allan Limited, world’s leading design house for harbour tugs, will be built under Indian Flag and classed with the Indian Register of Shipping (IRS).
Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.
