Cochin Shipyard Limited, a pioneer in India’s maritime sector, witnessed a 3% rise in its share prices following the announcement of a landmark contract worth over ₹1,000 crore.
The agreement, signed with the Ministry of Defence (MoD), involves the short refit and dry docking of a large Indian naval vessel, further cementing CSL’s role in strengthening India’s defense infrastructure.
This milestone underscores CSL’s expertise in ship repair and refurbishment, essential for ensuring the Indian Navy’s operational readiness. The project aligns with India’s Atmanirbhar Bharat initiative, promoting self-reliance in defense manufacturing and maintenance.
The contract announcement triggered a positive response in the stock market, with Cochin Shipyard shares climbing 5% in early trading.
As of 9:17 am, Cochin Shipyard shares were trading 3.85% higher at Rs 1,638.00 on the NSE.
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