Cochin Shipyard Limited

The company has received an order of Rs 550 crore from Norway-based global logistics solution provider Samskip Group.

ICICI Securities remains positive on CSL led by strong earnings visibility considering healthy order backlog, expected pick-up in execution, and strong opportunities in ship-building segment

The stock hit a new high of Rs 610.75, and has rallied 12 per cent in past two days, surpassing its previous high of Rs 598.90, touched on November 24, 2017.

Thus far in FY23, MDL (up 277%), GRSE (201%) and Cochin Shipyard (185%) have seen their market price appreciated more than 100%, as against nearly 4% rise in Sensex.

Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers, and Cochin Shipyard have surged 129 per cent, 121 per cent, and 49 per cent each so far this year

The defence shipbuilding segment continues to look promising on account of ambitious acquisition plan of Indian Navy and Indian Coast Guard.

Among individual stocks, the technical analyst from HDFC Securities recommends to buy Cochin Shipyard and PSP Projects.

The defence procurement budget is likely to increase considerably for FY24E with the share of imports coming down further, according to analysts.

According to the technical analyst from Anand Rathi, Cochin Shipyard can rally to Rs 390, whereas Larsen & Toubro can slip to Rs 1,800-level.

India's first indigenous aircraft carrier carries on board an air wing consisting of 30 aircrafts

Inaugurating a workshop on Green Shipping, Sarbananda Sonowal said the project will be carried out by the CSL in collaboration with Indian partners

There will not be any additional impact due to liquidated damages for delay in running projects as it has already invoked Force Majeure clause available in all the contracts

Tebma Shipyards Ltd is engaged in the design and construction of offshore vessels

However, CSL has an insurance cover for the vessel under Ship Repairer's liability policy worth Rs 150 million

In order to create space in the Inand Water Transport (IWT) sector, Cochin Shipyard Ltd (CSL), which recently went public, is planning to form a JV with Hooghly Dock and Port Engineers to take over the facilities in Salkia and Nazirgunge which would operate in the IWAI space. While CSL's Chairman and management did not respond to Business Standard's query, company's annual report showed that the company is of the view that the IWT sector holds enormous potential. It is also planning to create a new vertical, leveraging its strengths as the leading shipbuilder and shiprepairer in India. However IWT is a very different space calling for different skillsets, capabilities and commercial approach and this segment is best addressed through entities which are solely dedicated to the IWT space. In order to create space in the IWT sector, CSL proposes to form a joint venture with Hooghly Dock and Port Engineers to take over the facilities in Salkia and Nazirgunge which would operate in the ...

Cochin Shipyard, which successfully completed its IPO recently, has lined up expansion projects worth Rs 2800 crore. The proceeds of IPO to the tune of Rs 961 crore will be utilised to fund these expansions.Cochin Shipyard under the Ministry of Shipping was listed in Bombay Stock Exchange and National Stock Exchange last week.The company has raised Rs 1,442 crore from the IPO which has been a combination of fresh issue and offer for sale in the ratio of 2:1. The IPO was oversubscribed by over 75 times with more than Rs 1.11 lakh crore being raised against the offer of Rs 1,442 crore.The issue also saw a strong interest from retail segment with over 20 lakh applications, the highest in the last decade.The QIB portion was over subscribed by over 63 times and the HNI portion was over subscribed by 287 times. After listing the shares in the exchange, they opened at 20 per cent increase despits the markets being low.The proceeds of the fresh issue part of the IPO, totaling around Rs 961 ...

Company to form JV with shipping ministry arm

CSL is building two passenger-cum-cargo ships with 500 passengers and 150-tonne cargo capacity