Udupi Cochin Shipyard Ltd., a subsidiary of Cochin Shipyard Ltd., secured a contract worth Rs 1,100 crore for the design and construction of dry cargo vessels for Wilson ASA, a short-sea liner shipping company based in Norway.
The contract has been signed for four dry cargo vessels, and four more at the same time will be formally contracted by Sept. 19, the company said in an exchange filing.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
"The overall project of eight vessels is worth about Rs 1,100 crore and is to be executed within September 2028," the filing said.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
This contract is a follow-up order in continuation of a contract awarded in June 2023 for the similar design and construction of six 3800 TDW Dry Cargo Ships that are currently in advanced stages of construction at a shipyard in Udupi, Karnataka.
"The vessel is 100 metres long and has a deadweight of 6300 metric tonnes at a design draft of 6.5 metres. The vessels shall be designed by Conoship International, Netherlands, and shall be constructed as an environmentally friendly diesel-electric vessel for the transport of general cargo in the coastal waters of Europe," the release said, regarding the vessels.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
