Cochin Shipyard jumps after its arm bags international order from Wilson ASA in Norway

01 Jul 2024 Evaluate

Cochin Shipyard is currently trading at Rs. 2251.30, up by 38.70 points or 1.75% from its previous closing of Rs. 2212.60 on the BSE.

The scrip opened at Rs. 2272.60 and has touched a high and low of Rs. 2310.15 and Rs. 2241.20 respectively. So far 180360 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2427.75 on 19-Jun-2024 and a 52 week low of Rs. 277.55 on 04-Jul-2023.

Last one week high and low of the scrip stood at Rs. 2310.15 and Rs. 2115.00 respectively. The current market cap of the company is Rs. 59422.06 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 won prestigious international order from Wilson ASA, Norway, for Design and Construction of 4 nos. of 6300 TDW Dry Cargo Vessels. The agreement has also been entered into for additional 4 vessels of the same type which will be formally contracted within September 19, 2024. This is a follow up order in continuation of the contract awarded in June 2023 for Design and Construction of six 3800 TDW Dry Cargo Vessels which are now at advanced levels of construction at the yard at Udupi, Karnataka.

The Vessel is of 100 Meters length and has a deadweight of 6300 metric tonnes at a design draft of 6.5 Metres. The Vessels shall be designed by Conoship International, Netherlands and shall be constructed as an environment friendly diesel electric vessel for the transport of general cargo in the coastal waters of Europe. The overall project of 8 vessels is worth about Rs 1,100 crore and is to be executed within September 2028.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.


Cochin Shipyard Share Price

1524.25 25.10 (1.67%)
01-Nov-2024 18:59 View Price Chart
Peers
Company Name CMP
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Cochin Shipyard 1524.25
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