Cochin Shipyard Share Price Update: Stock Gains 4.10% on MoU with Drydocks World to Boost India’s Maritime Infrastructure

Cochin Shipyard share price saw a 4.10% rise on April 11, 2025, at 11:49 am, after the company signed an MoU with DP World’s Drydocks World. The deal aims to develop ship repair clusters in India, enhancing maritime infrastructure and aligning with the nation’s Vision 2030.

Objective of the MoU

The partnership aims to enhance India’s maritime infrastructure by leveraging Cochin Shipyard’s domestic shipbuilding expertise and Drydocks World’s international experience. The collaboration supports India’s Maritime India Vision 2030 and AmritKaal Vision 2047, both focused on building global competitiveness in marine services.

Focus Areas and Scope of the Project

Cochin Shipyard and Drydocks World will work together to evaluate and develop world-class ship repair clusters in Kochi (Kerala) and Vadinar (Gujarat). These facilities will focus on:

• Advanced ship repair and maintenance
• Offshore fabrication
• Marine engineering
• Strategic infrastructure projects

The companies will also engage with major ports and other government bodies to improve repair capabilities across the maritime sector.

Financial Highlights

Cochin Shipyard’s consolidated net profit declined 27.6% year-on-year to ₹176.99 crore in Q3 FY25, down from ₹244.38 crore in Q3 FY24. However, revenue from operations rose 8.6% YoY to ₹1,147.64 crore for the quarter ending December 31, 2024. As of that date, the Government of India held 67.91% of the company’s total voting rights.

Cochin Shipyard Share Price Performance

On April 11, 2025, Cochin Shipyard share price opened at ₹1,396.05, higher than its previous close of ₹1,359.90. By 11:49 AM, the share price was trading at ₹1,415.65 on the NSE, reflecting a 4.10% intraday gain.

The stock’s 52-week high stands at ₹2,979.45, reached on July 8, 2024. Its 52-week low is ₹1,024.20, recorded on April 15, 2024.

Conclusion

The signing of the MoU marks a key step in boosting India’s ship repair capacity and infrastructure. With strategic backing and expertise from both public and private entities, Cochin Shipyard’s latest move could pave the way for long-term industry growth and potentially attract further investor interest.

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