Deals16 Feb 2026, 05:44 pm
Cochin Shipyard Wins Rs. 5,000 Crore Order for 5 Next Generation Survey Vessels from Indian Navy
AI Summary
Cochin Shipyard Ltd has been declared as the L1 bidder for the construction of 5 Next Generation Survey Vessels (NGSV) for the Indian Navy. The estimated total order value is around Rs. 5,000 crore. The final announcement of the contract is subject to the satisfactory completion of necessary formalities. Neither the promoter, promoter group, nor any group companies have any interest in the entity that awarded the order, and the order does not fall under the purview of related party transactions.
Key Highlights
- Cochin Shipyard wins order worth around Rs. 5,000 crore for 5 Next Generation Survey Vessels for the Indian Navy.
- The order does not fall under the purview of related party transactions.
- The final announcement of the contract is subject to the satisfactory completion of necessary formalities.
- No promoter/ promoter group/ group companies have any interest in the entity that awarded the order.
- Cochin Shipyard was declared as L1 in the tender floated by the Ministry of Defence.