Cochin Shipyard stocks rally 3.5% on securing defence project worth Rs 300 crore

Cochin Shipyard Ltd has informed to the exchanges regarding receipt of order for MR/Mid Life Upgrade of Indian Naval Ship.

As per the regulatory filing, the Company has received a communication from the Ministry of Defence stating that Cochin Shipyard Limited (CSL) has been declared as L1 by the Indian Navy for MR/Mid Life Upgrade of an Indian Naval Ship. 

Further, it is said that the final contract will be executed in due course. The estimated contract value is around Rs 300 crore (approx.) and the estimated duration is around 24 months, the company informed.

During the afternoon trade on Monday, shares of Cochin Shipyard were trading at Rs 559.20 per share higher by 3.5% on the BSE.

Source: Media reports

Top stories
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read . 02 Aug 2024 . 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read . 02 Aug 2024 . 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read . 02 Aug 2024 . 12:36 PM

Related Blogs
blog-logo

Share Market

blog-logo

9 mins read . 30 Oct 2024

Top Small Finance Bank Stocks in India

  • 0 people read
blog-logo

Insights

blog-logo

10 mins read . 30 Oct 2024

How to do Valuation Analysis of a Company

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions