Cochin Shipyard gets big order
Cochin Shipyard News: If you keep an eye on defense and shipping sector stocks, then Cochin Shipyard Limited should definitely be on your radar. On Saturday, this government company has made such an announcement, the direct impact of which can be seen on its shares as soon as the market opens on Monday. The company has received a big job from Europe, which market experts are seeing as a great earning opportunity.
Order worth crores received from Danish company
Cochin Shipyard has officially informed that it has signed a big agreement with the Danish giant ‘Svitzer’. This deal is not a small one. The company has categorized it as an ‘important order’, which means that the value of this contract is between Rs 250 crore and Rs 500 crore.
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Under this agreement, Cochin Shipyard has to build ‘Advanced Electric Towing Vessels’ for Savitzer. In simple words, these will be state-of-the-art electric tugs (boats that pull ships). As per the agreement, Cochin Shipyard will initially build four 26-metre long fully electric ‘TRAnsverse’ tugs. The special thing is that the option to build four more such ships in the future is also included in this deal. That is, if the work is good then the value of the order may increase further.
Shares can become rockets
A slight rise was seen in the shares of Cochin Shipyard when the market closed on Friday. It closed at Rs 1,644 with a gain of 0.27%. However, if we look at the graph of the last six months, this stock has fallen by about 30% from its upper level. In such a situation, this new order of up to Rs 500 crore can work to support the falling stock. Market analysts believe that on the basis of this news, good buying in shares can be seen on Monday. The market cap of the company is Rs 43,250 crore.
When will these special ships be ready?
Cochin Shipyard has said that the target has been set to start the delivery of these ships by the end of 2027. These ships will be part of Savitzer’s special ‘Sustainable Towage’ program. In the information given to the exchange, the company has clarified that the model of these tugs will be ‘TRAnsverse 2600E’, which will have a bollard pull capacity of 70 tons.
Dividend bonus for investors
Not only orders, the company has also recently given the gift of dividend to its shareholders. The company’s board had announced an interim dividend of Rs 4 per share for the financial year 2025-26. Investors who held shares till the record date (November 18) will get the benefit. The company has said that the dividend will be paid by December 11.