Cochin Shipyard wins ‘mega’ order worth over ₹2,000 crore from prominent European client

Shares of Cochin Shipyard Ltd. recovered from the lows of the day and gained on Tuesday, October 14, after it announced a mega order win.The company, in an exchange filing, stated that it has bagged a “mega” order from a prominent European client. Cochin Shipyard defines orders in excess of ₹2,000 crore in value as a “mega” order.

Cochin Shipyard stated that the order pertains to the design and construction of six feeder container vessels, each having a capacity of nearly 1,700 twenty-foot equivalent units (TEU) and powered by liquified natural gas (LNG).

The defence PSU stated that the Letter of Intent (LoI) was signed on October 14 and a formal contract, with details of the techno-commercial terms will be signed in due course.Cochin Shipyard’s order book currently stands at ₹21,100 crore, in comparison to the ₹22,500 crore at the end of the June quarter of financial year 2025.

Shares of Cochin Shipyard, after the initial spike, are trading 1.1% higher at ₹1,779. The stock is down 1.6% in the last one month. Shares have risen 14% so far in 2025.

(With Inputs From Rhea Bhatia)