Cochin Shipyard Limited (CSL) has announced that it has secured a fresh order from Oil and Natural Gas Corporation Limited (ONGC). The agreement, signed on September 17, 2025, is for dry dock and major lay-up repairs of one of ONGC’s Jack-Up Rigs.
The estimated value of the contract stands at around ₹200 crore, with the project expected to be executed over a period of 12 months. CSL highlighted that none of the promoter or group companies hold any interest in ONGC with respect to this order, ensuring that the transaction does not fall under the ambit of related party dealings.
This new order further strengthens CSL’s order book and reaffirms its strong positioning in the ship repair and offshore engineering segment. Investors are likely to view this development positively, as the contract enhances revenue visibility for the coming financial year.
