Cochin Shipyard’s arm bags ₹1,100 cr order; stock surges
Under the contract, UCSL will design and construct the four 6300 TDW dry cargo vessels.
Under the contract, UCSL will design and construct the four 6300 TDW dry cargo vessels.
Cochin Shipyard has qualified to enter into a pact after a detailed evaluation process and capability assessment by the US Navy
The midcap stock has zoomed 395% in less than a year, rebounding from its 52-week low of ₹234.53 touched on May 25, 2023.
The Prime Minister launched India's first indigenous green hydrogen fuel cell inland waterway vessel under the Harit Nauka initiative.
The defence electronics company has received an order of ₹2,118.57 crore from Cochin Shipyard for the supply of various equipment to the Indian Navy.
Ministry of Defence also inked ₹19,600 crore worth contracts with Indian shipyards.
The stock has touched a fresh all-time high of ₹672.75 intraday today, breaching its previous high of ₹598.90 touched on November 24, 2017.
INS Vikrant, built at a cost of ₹20,000 cr by Cochin Shipyard, is 262-metre long, 62-metre wide and weighs 45,000 tonne. Vikrant has 15 decks with 2,300 compartments, cabling has 2,400-km length
Coal India, Nuclear Power Corporation of India, Power Finance Corporation, Hindustan Aeronautics, Bharat Dynamics, Manganese Ore India and Cochin Shipyard paid the dividend tranches.