Cochin Shipyard share price rose nearly 4 percent in the early trade on June 3 after the company’s subsidiary bagged an order in the range of Rs 100-250 crore.
Udupi Cochin Shipyard Limited (UCSL), a wholly-owned subsidiary of Cochin Shipyard Limited (CSL), has secured an order from Ocean Sparkle Limited (OSL), an Adani Harbor Services Limited Company. The contract involves the construction of three ASD (Azimuthing Stern Drive) Tugs of 70 T Bollard Pull Power.
UCSL had earlier contracted the construction of two 62 T bollard pull ASD tugs for OSL. Both these tugs were delivered by UCSL before the contractual delivery dates and have been deployed by OSL at Paradeep Port and New Mangalore Port, the company said.
The new 70 Tonne Bollard Pull Tugs will have a length of 33 meters, a beam of 12.2 meters, and a draft of 4.2 meters. They will be propelled by two main engines of 1838 kW, thrusters of 2.7-meter diameter, diesel generators of 150 kW, a forward towing winch, an aft winch, a deck crane (3T), and an external fire-fighting system (FIFI-1 – 2800 Cu Mtr per Hr).
As of 10:30 am the shares were trading 4.09% higher at ₹2,027.30 on NSE.
