Cochin Shipyard Limited has informed the Exchange regarding 'Hooghly CSL, a wholly owned subsidiary of CSL, secured a Notable order from a Domestic Client for construction of two Luxury River Cruise vessels'.
COCHINSHIP · price
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Cochin Shipyard's wholly owned subsidiary Hooghly CSL has bagged a 'Notable' order from domestic client Heritage River Journeys (brand: Antara River Cruises) to build two luxury river cruise vessels for the Brahmaputra River. Per the company's order classification, 'Notable' corresponds to a value between Rs. 100 and Rs. 250 crore. A firm construction agreement has been signed for the first vessel, while a Letter of Intent has been issued for the second. The project is highlighted as the first set of luxury river cruise vessels to be classified under the Inland Vessels (IV) Rules, 2022, and aligns with the government's Make in India initiative. The order is not a related-party transaction and no promoter group has any interest in the client.
Mildly positive for Cochin Shipyard — the order adds a new revenue stream in the inland luxury cruise segment, but being in the 'Notable' (Rs. 100–250 cr) bucket it is modest in size relative to CSL's overall order book and is unlikely to move the stock sharply on its own.