Cochin Shipyard Secures ₹1,100 Cr Export Order From Norway Firm

Udupi Cochin Shipyard Limited (UCSL), a wholly owned subsidiary of Cochin Shipyard Limited (CSL), has secured an international order for the construction of eight 6300 TDW (total dry weight) Dry Cargo Vessels.

What Happened: The order, valued at approximately ₹1,100 crores, has been placed by Wilson ASA, a Norway-based firm. The contract includes the design and construction of four vessels, with an agreement for an additional four vessels to be formally contracted by September 19, 2024. The entire project is expected to be completed by September 2028.

The vessel is 100 meters in length and has a deadweight of 6,300 metric tonnes at a design draft of 6.5 Metres. The vessels will be designed by Conoship International, Netherlands.

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UCSL’s contract with Wilson ASA is a continuation of a previous order for the design and construction of six 3800 TDW (total dry weight) Dry Cargo Vessels, which are currently at advanced stages of construction at the yard in Udupi, Karnataka.

Wilson ASA, with its headquarters in Bergen, Norway, is a leading short sea fleet operator in Europe, transporting about 15 million tonnes of dry cargo across the continent.

Price Action: Cochin Shipyard’s share price was down 0.47% to close at 2,228 on Friday.

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