Page 2 - Cochin Shipyard Limited

Defense stocks on a roll; BDL, BEL, HAL, Cochin Shipyard rally 5%

The Government of India's initiatives to make India self-reliant in providing weapon systems to the Indian Armed Forces and clearance for export to FFCs have opened plenty of opportunities for defense

PM Modi dedicates Rs 4,000 crore worth of projects to nation in Kochi

Prime Minister Narendra Modi dedicated projects worth Rs 4,000 crore to the nation on Wednesday, including key strategic initiatives at Cochin Shipyard Limited. The projects comprise a 310-metre-long dry dock, constructed to international standards, and the International Ship Repair Facility (ISRF), India's first fully developed pure ship repair ecosystem. Additionally, the dedication includes the IOCL's LPG import terminal. Prior to the inauguration, Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal, reviewed the preparation of the projects at Cochin Shipyard Limited (CSL) on Tuesday. The government anticipates that with the dedication of these projects, CSL is poised to double its turnover within the next four years to Rs 7,000 crores.

Cochin Shipyard, Defence ministry sign Rs 488 cr contract for ship repairs

Cochin Shipyard Limited signed a Rs 488.25 crore contract with the Defence ministry for repair and maintenance of equipment onboard naval vessels

Govt seals Rs 313 crore deal for mid-life upgrade of frigate INS Beas

The defence ministry on Monday signed a Rs 313 crore contract with the Cochin Shipyard Limited (CSL) for mid-life "upgrade and re-powering" of frontline frigate INS Beas. The ministry said the "transformative maiden re-powering" project marks a significant stride in the maintenance philosophy of the Indian Navy and repair capabilities of CSL. "The ministry of defence signed a contract on October 16 in New Delhi for mid-life upgrade and re-powering of INS Beas with Kochi-based M/S Cochin Shipyard Limited at an overall cost of Rs 313.42 crore," it said. INS Beas is the first of Brahmaputra class frigates to be re-powered from steam to diesel propulsion. "After completion of the mid-life upgrade and re-powering in 2026, INS Beas will join the active fleet of the Indian Navy with a modernised weapon suite and upgraded combat capability," the ministry said in a statement. "The transformative maiden re-powering project marks a significant stride in the maintenance philosophy of the Indi

Cochin Shipyard gains 7% in weak market on winning Rs 550 cr overseas order

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

Cochin Shipyard soars 13% in 2 days on healthy order book

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

Cochin Shipyard hits new high after a 5-year gap; zooms 96% in 4 months

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.

Cochin Shipyard, Mazagon Dock soar up to 8% on hopes of strong Q2 results

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.

Smooth sailing for shipbuilders in choppy markets; up to 27% upside likely

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

Shipbuilding stocks rally up to 11%; Mazagon, Garden Reach hit new highs

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

Breakout from 17,500-18,100 zone to give direction to Nifty: Vinay Rajani

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

Midhani, Mazagon Dock, Cochin Shipyard rally up to 10% in a weak market

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

Trading Strategies for Cochin Shipyard, Larsen & Toubro by Mehul Kothari

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 carrier 'INS Vikrant' to be commissioned on Sept 2

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

Cochin Shipyard to build first indigenous hydrogen-fuelled electric vessels

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

Delay in projects to impact profitability in FY21, says Cochin Shipyard

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

CoC names Cochin Shipyard successful bidder in Tebma resolution process

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

Cochin Shipyard sees Rs 185 mn loss due to ONGC ship fire incident

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

Bullish on inland waterways, CSL plans JV with Hooghly Dock to tap segment

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 ...

After IPO success, Cochin Shipyard lines up Rs 2,800-cr expansion projects

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 ...