Shares of Cochin Shipyard Ltd fell 2.5% after touching a day’s high of Rs 2,278 on 24th June. This decline occurred despite the firm announcing that its wholly owned subsidiary, Hooghly Cochin Shipyard Limited (Hooghly CSL), has secured a notable order valued between Rs 100 crore and Rs 250 crore. The order is from Heritage River Journeys Private Limited, which operates under the brand Antara River Cruises.

The contract includes building two luxury river cruise vessels for use on the Brahmaputra River. These vessels are aimed at boosting premium inland water tourism in India. One agreement has already been signed, and a Letter of Intent has been issued for the second vessel.

Antara River Cruises is known for its high-end journeys on the Ganga, Padma, and Brahmaputra. The company operates a fleet of customised luxury vessels across South Asia. Its flagship, Ganga Vilas, offers the world’s longest river cruise—a 3,200-km journey through 27 rivers. This includes the Gangetic plains, Sundarbans, and Brahmaputra Valley. The cruise was also featured in the Limca Book of Records.

Cochin Shipyard confirmed that the deal is not a related-party transaction. Furthermore, none of its promoters or group firms have any interest in Antara.

At 11:56 AM, the shares of Cochin Shipyard were trading 2.12% lower at Rs 2,183.70 on NSE.

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