Shares of Cochin Shipyard Ltd 2% higher on 14 October after the company announced securing a big order from a client in Europe. 

The company announced in an exchange statement that it had received a “mega” order from a renowned European client. Cochin Shipyard classifies “mega” orders as those worth more than Rs 2,000 crore.

The defence PSU claimed that the Letter of Intent (LoI) was signed on 14 October and that a formal contract detailing the techno-commercial terms would be signed in due course.

Cochin Shipyard’s order book is currently at Rs 21,100 crore, compared to Rs 22,500 crore at the end of the June quarter of fiscal year 2025.

Cochin Shipyard reported that the order is for the design and building of six feeder container boats, each with a capacity of almost 1,700 twenty-foot equivalent units (TEU) and powered by liquefied natural gas (LNG).

Cochin Shipyard Limited operates in the shipbuilding and ship repair industry, focusing on the construction, repair, refit, and upgradation of various types of vessels. The company also undertakes periodic layup repairs and life extension projects to enhance the operational lifespan of ships.

At 2:45 pm, the shares of Cochin Shipyard were trading 1.81% higher at Rs 1,792.10 on NSE. 

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