COMPANY NEWS


Cochin Shipyard Ltd
BSE Code 540678 ISIN Demat INE704P01025 Book Value (₹) 179.22 NSE Symbol COCHINSHIP Div & Yield % 0.38 Market Cap ( Cr.) 34,781.91 P/E * 63.53 EPS * 20.81 Face Value (₹) 5
* Profit to Earning Ratio
* Earning Per Share
Udupi Cochin Shipyard bags order worth Rs 580 cr Back
(15 Jun 2023)
Udupi Cochin Shipyard (UCSL), the wholly owned subsidiary of Cochin Shipyard (CSL) has won a prestigious international order from M/s. Wilson Shipowning AS, Norway, for Design and Construction of 6 Nos. new generation diesel electric 3800 DWT general cargo vessel. The contract is signed with an option for additional 8 vessels.

The “Future proof Dry Cargo Vessel” designed by Conoship International, Netherlands shall be constructed as an Environmental friendly Diesel Electric vessel ready for installation of Wind foil units and battery hybrid systems. These vessels are intendedfor the transport of general cargo at inland as well as coastal waters of Europe.

Wilson Ship management AS, a company headquartered in Bergen, Norway is the largest short sea fleet in Europe and transports about 15 million tonnes dry cargo across Europe. Wilson Ship management AS, has a fleet of around 130 vessels ranging from 1500 to 8500 DWT. Udupi Cochin Shipyard (UCSL) is also active in the markets for harbour tugs, offshore and fishing vessel segments.

The “Future proof Dry Cargo Vessel” Project is at an approximate cost of Rs. 580 crore. The first vessel will be delivered by December 2024 and thereafter deliveries will be completed within March 2026.