Cochin Shipyard Limited (CSL) shares jumped 3% after the company announced a strategic memorandum of understanding (MoU) with Seatrium Letourneau USA, Inc. (SLET). The partnership focuses on designing and supplying critical equipment for jack-up rigs tailored to the Indian market.
This collaboration combines CSL’s expertise in ship construction and engineering with SLET’s cutting-edge technical know-how and design capabilities, aiming to tap into the growing demand for mobile offshore drilling units in India.
As of 9:17 am, Cochin Shipyard shares were trading 3.06% higher at Rs 1,339.00 on the NSE.
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