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Harika Enjamuri

31st Jan · SEBI-Registered Analyst

Cochin Shipyard Secures ₹250 Cr Polestar Maritime Order, Boosts Green Maritime Play

Cochin Shipyard Ltd (

COCHINSHIP
) has won a “notable” order worth up to ₹250 crore from Polestar Maritime Ltd to build two Green Tugs with 60 T bollard pull capacity under the Government’s Green Tug Transition Programme (GTTP), with deliveries scheduled in August and September 2027; the company classifies contracts between ₹100 crore and ₹250 crore as notable. Following the announcement, CSL’s share price climbed at one point trading around ₹1,646.90, up from the prior close of ₹1,610.20, reflecting positive market response to the order news. In a recent quarter, Cochin Shipyard delivered mixed financial results, with net profit moderating to ₹144.60 crore (down ~18 % YoY) while revenue rose 17.7 % to ₹1,350.40 crore, and EBITDA narrowed to ₹186.60 crore amid margin pressure positioning this order as a contributor to its ongoing project pipeline and strategic participation in sustainable maritime initiatives Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.

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