Deals11 Nov 2026, 02:23 pm
Cochin Shipyard Secures ₹500 Cr Naval Refit Contract
AI Summary
Cochin Shipyard Limited (CSL) has signed a contract with the Ministry of Defence (MoD) for the normal refit and re-powering of an Indian Naval Vessel. The estimated value of this contract is approximately ₹500 crore, with an expected project duration of two years. CSL has confirmed that neither the promoter nor any promoter group or group companies have any interest in the entity that awarded the order, and the transaction does not fall under related party transactions.
Key Highlights
- CSL awarded a significant refit and re-powering contract.
- Contract value estimated at ₹500 crore.
- Project duration is approximately two years.
- No promoter or related party involvement in the contract.
- Strengthens order book with defence sector business.
Price Impact
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