Cochin Shipyard Ltd bags international order for CSOV

Cochin Shipyard Ltd (CSL) has bagged an international order for constructing 2 nos. of Commissioning Service Operation Vessels (CSOV) from a European Client, with an option to build 4 more of such vessels to be exercised by the Owner within a period of one year. These vessels are intended for the services of offshore wind farm installations towards its commissioning and maintenance. These specialized vessels are being contracted for the first time in the country.

The estimated project cost for the firm order is approximately Rs. 1000 crore and the project completion time is 35 months.

Shares of Cochin Shipyard Limited was last trading in BSE at Rs. 590.40 as compared to the previous close of Rs. 581.50. The total number of shares traded during the day was 331788 in over 8787 trades.

The stock hit an intraday high of Rs. 616.60 and intraday low of 575.75. The net turnover during the day was Rs. 198393275.00.

Source : Equity Bulls

Keywords

CochinShipyard INE704P01017 OrderWin InternationalOrder EuropeanClient CSOV