Cochin Shipyard surges on strengthening collaboration with Drydocks World
Cochin Shipyard is currently trading at Rs. 1569.40, up by 48.35 points or 3.18% from its previous closing of Rs. 1521.05 on the BSE.
The scrip opened at Rs. 1538.60 and has touched a high and low of Rs. 1577.30 and Rs. 1534.10 respectively. So far 169686 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2977.10 on 08-Jul-2024 and a 52 week low of Rs. 1169.00 on 13-May-2024.
Last one week high and low of the scrip stood at Rs. 1577.30 and Rs. 1415.45 respectively. The current market cap of the company is Rs. 41287.90 crore.
The promoters holding in the company stood at 67.91%, while Institutions and Non-Institutions held 9.68% and 22.40% respectively.
Cochin Shipyard (CSL) and Drydocks World, a DP World company, have strengthened their collaboration to boost India’s ship repair and offshore fabrication capabilities. The partnership aims to bring global best practices to India’s maritime sector and expand capacity in line with the country's national goals.
The partnership is set to play a pivotal role in developing a world-class ship repair ecosystem to serve both domestic and international fleets. It will also bolster India’s offshore fabrication capabilities and support marine engineering training and skilling initiatives. These efforts align with the Government of India’s Maritime India Vision 2030 and Amrit Kaal Vision 2047, which seek to position India as a global maritime hub with modern infrastructure, advanced technology, and a skilled workforce
Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.
