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Cochin Shipyard Bags Order for Construction of Hybrid SOV

May 14, 2024

By: BlinkX Research Team

Cochin Shipyard has bagged a large order from a European Client, for the design and construction of a Hybrid Service Operation Vessel (Hybrid SOV) with an option for two more such vessels, the company said on exchanges. The order is expected to be completed by the end of 2026.

Key Takeaways of the Order: 

• The order is valued between 500-1000 crore rupees.
• It is likely to be completed by the end of 2026.
• The vessel will help the offshore wind farm industry in the European market.

The company has classified the order as a ‘large order’ valued between 500-1000 crore rupees. The vessel is equipped with hybrid battery systems to improve energy efficiency and reduce carbon footprints. 

The Hybrid SOV is designed and built for the service, maintenance and operational needs of the offshore wind farm industry in the European market where sustainable energy solutions are in high demand. 

About Cochin Shipyard Ltd: 

Cochin Shipyard Limited, India’s first Greenfield and presently the most modern shipbuilding yard, has an enviable reputation for building high-quality ships. The Greenfield with its proven expertise is perfectly positioned to offer a flexible range of products such as tankers, product carriers, bulk carriers, passenger vessels, high bollard pull tugs, and air defence ships. It is the only yard in India capable of undertaking dry dock repairs of Aircraft carriers owned by the Indian Navy.

Read More About Cochin Shipyard Ltd Share Price Here!