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The Cochin International Airport Ltd (CIAL) has said that it has reported its highest-ever annual financial performance, registering a record profit of over Rs 500 crore, for the first time in the company's history. CIAL, in a statement, further said that the Board of Directors, which met for the first time under the chairmanship of Chief Minister V D Satheesan, has approved a series of strategic initiatives -- most notably the company's entry into the airport consultancy business -- aimed at leveraging the country's rapidly expanding aviation infrastructure sector. The Board also recommended a dividend of 55 per cent for shareholders for the financial year 2025-26, subject to the approval of the company's Annual General Meeting, which is tentatively scheduled to be held in September, the statement said. Giving details, CIAL said that in the financial year which ended on March 31, 2026, it reported a total revenue of Rs 1,220 crore, registering a 6.6 per cent year-on-year growth. "
The government will sell up to 5 per cent stake in Cochin Shipyard at a floor price of Rs 1,400 per share through an offer for sale beginning Tuesday. The "government announces offer for sale in Cochin Shipyard Ltd (CSL) with a base offer of 2.52 per cent of its paid-up equity and an additional 2.52 per cent as the green-shoe option in case of over subscription," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X. The offer for sale (OFS) opens for non-retail investors on July 7, 2026. Retail investors can bid on July 8, 2026. The floor price of Rs 1,400 per share is at a 7 per cent discount over Monday's closing price on BSE. Shares of Cochin Shipyard closed at Rs 1,504.75, down 1.25 per cent over the previous close on BSE on Monday. The government currently holds a 67.91 per cent stake in CSL. So far in the current fiscal, the government has sold stake via OFS in six public sector entities -- Central Bank of India, Coal India, NHPC,
The Cochin Shipyard Limited (CSL) has signed a major contract with French shipping major CMA CGM for the construction of LNG dual-fuel vessels, in a move expected to boost India's global shipbuilding footprint and align with the green maritime transition, officials said on Thursday. In a statement, CSL said it signed a landmark Shipbuilding Contract (SBC) with CMA CGM at New Delhi on Wednesday for the construction of six 1,700 TEU LNG dual-fuel feeder container vessels. The contract was signed by CSL Chairman and Managing Director Jose V J and Rodolphe Saade, Chairman and CEO of CMA CGM. The ceremony was attended by Shantanu Thakur, Minister of State for Ports, Shipping and Waterways, and Vijay Kumar, Secretary, Ministry of Ports, Shipping and Waterways, along with senior officials from the Ministry, representatives of both organisations, and members of the maritime industry, the statement said. "The collaboration reflects strong global confidence in CSL's technical excellence, ...