Cochin Shipyard Ltd.COCHINSHIP₹2,062.30 +0.89%

Cochin Shipyard Ltd. (CSL) has received an order from Polestar Maritime Limited for the construction of two 70-ton Bollard Pull Tugs. This is in addition to the three similar tugs already contracted with Udupi Cochin Shipyard Limited (Udupi-CSL), a wholly owned subsidiary of CSL. The latest order is classified as “Notable”, with a contract value between ₹100 crore and ₹250 crore.

The new tugs will be built using Robert Allan Ltd. designs, globally recognised for harbour tug engineering, and will comply with the Approved Standard Tug Design and Specifications (ASTDS) issued by the Government of India to promote domestic shipbuilding under the Atma Nirbhar Bharat initiative.

Construction will be carried out jointly by CSL and Udupi-CSL under a work-share arrangement, with the build taking place at CSL’s yard in Cochin. 

CSL and Udupi-CSL have already delivered four tugs under the Make in India initiative. With this order, the Group’s current order book includes 18 tugs and 2 green tugs in various stages of construction.

Cochin Shipyard has given multibagger returns of more than 1,220% and 1,240% over the last three and five years, respectively.

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Note: The stock price mentioned is as of 2:35 PM.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.