Cochin Shipyard Shares Soar 9% After Securing Major Order from European Client

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Delivering remarkable returns of around 380% in the last one year, Cochin Shipyard sees a surge of 9% as it bags a large order from a European client.

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Cochin Shipyard secures a significant order for designing and constructing a Hybrid Service Operation Vessel (Hybrid SOV) equipped with hybrid battery systems to reduce carbon footprint & improve energy efficiency.

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The vessel is tailored for offshore wind farm industry needs in Europe, aligning with the region's high demand for sustainable energy solutions.

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“The project is expected to be completed by the end of 2026," it said. Any order valued between Rs 500 crore and Rs 1,000 crore is classified as a significant order by Cochin Shipyard.

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Shares surge 8.4% on the news, highlighting investor confidence. Cochin Shipyard, India's largest shipbuilding and maintenance facility, maintains a prominent position in the maritime industry, with notable projects like the INS Vikrant.

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