Page 4 - Cochin Shipyard

Stock of this shipbuilding company has zoomed over 100% in 5 months

Shares of Cochin Shipyard (CSL) hit a new high on Monday after the shipbuilder signed Master Shipyard Repair Agreement (MSRA) with the United States Navy.

Cochin Shipyard, Mazagon Dock, Garden Reach Shipbuilders rally up to 10%

Shares of Garden Reach Shipbuilders & Engineers (GRSE) surged 10 per cent to Rs 903.70 on back of two-fold jumps in average trading volumes today

India outpaced several developed nations in ship-turnaround time: PM Modi

Prime Minister Narendra Modi on Wednesday highlighted that India has outpaced several developed nations in ship-turnaround time, emphasising the country's proven potential and standing in global trade. The prime minister made these remarks while dedicating projects worth Rs 4,000 crore to the nation, including crucial strategic initiatives at Cochin Shipyard Limited. He mentioned that these projects would accelerate the development of the southern region of the country. "The world is recognising India's potential and position in global trade," Modi said, shedding light on the agreements made during India's G20 Presidency regarding the Middle East-Europe Economic Corridor. Modi said that the Middle East-Europe Economic Corridor will further strengthen the creation of 'Viksit Bharat' by providing a boost to the coastal economy of India. Reflecting on the past, the prime minister recalled that just a decade ago, ships had to wait for a considerable amount of time at the ports, and ...

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.

465 BSE stocks freeze in upper circuit; Network18, Motisons, ITL zoom 20%

Among individual stocks, Cochin Shipyard was up 20 per cent at Rs 802.40, also its record high on the BSE. The stock turned ex-date for the sub division of equity shares in the ratio of 2:1

Cochin Shipyard soars 8% on turning ex-split; up 148% in 6 months

The company had fixed January 10 as the Record Date for the proposed 2:1 stock split.

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

Sensex sprints 970 pts, ends atop 71,450; Nifty holds 21,450; IT, PSBs jump

Stock market LIVE updates on December 15, 2023: In the broader markets, the BSE MidCap and SmallCap indices were ruling 0.44 per cent and 0.65 per cent higher, respectively

India should look at making niche, medium-sized vessels: Cochin Shipyard MD

India can be in a "positive spot" when it comes to ship building prospects and the country should look at making niche, technologically-advanced vessels rather than large bulk carriers, according to a senior industry official. Cochin Shipyard Ltd's Chairman and Managing Director Madhu S Nair also said that India with an all-round positivity could emerge as an alternative hub in the space for niche and medium-sized, technologically advanced vessels amid the green transition. The general perception is that the focus should be building all those large bulk carriers or tankers for making India as a manufacturing base for ships, he pointed. "(However), I have a slightly different perception because our current structure is not ideally suited for that. So why shouldn't we look at our strengths, which would be (to focus) a little bit more on niche vessels that have advanced technologies, alternate fuel cells, hybrid electric vessels. Not very large but medium-size vessels," he told PTI ...

Defense shares in focus; Cochin Shipyard, Garden Reach, MTAR gain up to 14%

Ratings agency Icra expects business opportunities worth Rs 2.75 trillion to open up for Indian defence entities during FY24 and FY25

BEL bags Rs 2,118.57 crore order from Cochin Shipyard for various equipment

Bharat Electronics Limited received an order of Rs 2,118.57 crore from Cochin Shipyard Limited for supply of various equipment consisting of sensors, weapon equipment, fire control systems and communication equipment for six numbers of next generation missile vessels and class of anti-surface warfare corvettes for Indian Navy. This project will have participation of Indian electronics and associated industries, including MSMEs, which are sub-vendors of BEL, Bengaluru-headquartered BEL said in a statement on Friday. The equipment manufactured by BEL are part of 'Aatmanirbhar Bharat' programme. The company has also received additional orders worth Rs 886 crore since the last disclosure on August 25 and the said orders pertain to upgrade of AFNET SATCOM N/W, upgrade of Akash missiles with RF Seeker, inertial navigation system and other equipment with accessories and spares, among others. "With this, BEL has in all received orders worth Rs 14,384 crore till now in the financial year .

Cochin Shipyard gains 20%, Sandur Manganese lists on NSE, and more

The initial public offering (IPO) of Jupiter Lifeline Hospitals was subscribed 3.3 times on Thursday, the second day of the issue

Cochin Shipyard surges 15%, hits new high in weak market on strong outlook

The stock hit a new high of Rs 1,096.85, and has zoomed 98 per cent in the past three months

Cochin Shipyard hits record high, up 37% in three days post strong Q1 show

The company's Q1 net profit had soared 123.7 per cent to Rs 109.41 crore for the June 2023 quarter as against Rs 48.91 crore in the year ago period.

Strong order pipeline positive for listed shipyards; prospects 'promising'

Upsides higher on Cochin Shipyards and Garden Reach Shipbuilders than Mazagon

Defence stocks on roll: Mazagon Dock, BDL, Cochin Shipyard surge up to 10%

Mazagon Dock Shipbuilders hit a new high of Rs 1,584, as the stock rallied 10 per cent on reports that MoD has cleared the procurement of three additional Scorpene or Kalvari class submarines.

Cochin Shipyard partners with ASAP Kerala to impart skill training to youth

ASAP Kerala, the skill development agency of the Higher Education department, and the Cochin Shipyard Ltd would have agreed to jointly conduct training programmes for skill development of youth of marginalised sections. The 'Samathva Project' for the scheduled castes, scheduled tribes and fishermen at the state level and the 'She-Skills' project for the women of Ernakulam district were inaugurated by the Minister of Higher Education R Bindu here on Friday. The project will be implemented with the help of Cochin Shipyard's CSR fund of Rs.50 lakh, an official statement said. Nine vocational programs will be implemented through the projects with the help of Cochin Shipyard's CSR Fund. The initiatives would focus on the upliftment of youth from marginalized sections. Under the 'She Skills' project, courses like medical coding, general duty assistant and housekeeping associate would be offered. The 'Samathva' project would impart training for courses like Automotive Service Technician,

With policy ammunition, defence stocks continue to yield strong returns

Most sector PSUs ended FY23 with strong order books

Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%

The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.

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