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

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.

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.

“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.

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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