Shares of Cochin Shipyard Limited (CSL) gained 1.85% on Thursday, September 18, to trade at ₹1,924.90, after the company announced a major order win from Oil and Natural Gas Corporation Limited (ONGC).
According to the disclosure, the agreement signed on September 17, 2025, covers dry dock and major lay-up repairs of one of ONGC’s Jack-Up Rigs. The contract is valued at approximately ₹200 crore and is expected to be executed over the next 12 months.
CSL clarified that the deal does not involve any related party transactions, as neither the promoters nor group companies have any interest in ONGC.
The development further strengthens Cochin Shipyard’s order book and bolsters its position in the ship repair and offshore engineering segment. Market participants are viewing the order as a positive for revenue visibility in the upcoming financial year.