Cochin Shipyard Limited has informed the Exchange regarding 'Udupi-CSL, a wholly owned subsidiary of CSL, secured a Notable* order from a Domestic Client for construction of four nos. of 70 T Bollard Pull ASD Tugs'.
COCHINSHIP · price
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Cochin Shipyard's wholly owned subsidiary Udupi-CSL has secured a Notable order (valued between Rs. 100-250 crore) from Ocean Sparkle Limited, an Adani Group company, for constructing four Azimuthing Stern Drive tugs with 70 T Bollard Pull capacity. The tugs will follow Ministry of Ports, Shipping & Waterways approved specifications and will be delivered between November 2028 and June 2029. The company clarified that no related party transactions are involved as no promoter/group company has interest in the awarding entity.
The order provides revenue visibility for CSL over FY2028-29 and strengthens the order book for the shipbuilding division. However, being classified as a 'Notable' order, the financial impact will be moderate and spread over multiple quarters.