PSU SHIPBUILDING COMPANY SECURES MEGA ORDER FOR SIX LNG‑POWERED FEEDER VESSELS TO KEEP ON YOUR WATCHLIST

Shares of

have been in the news after the company secured an order from a European client to design and construct six feeder container vessels. Each ship will have a capacity of approximately 1,700 Twenty-foot Equivalent Unit (TEU) and will be powered by liquefied natural gas (LNG). Additionally, the formal shipbuilding contract, detailing the technical and commercial terms, is expected to be signed in due course. Last month, the company had signed a contract with the Oil and Natural Gas Corporation (ONGC) for dry dock and major lay-up repairs for one of ONGC’s jack-up rigs, with an estimated value of around Rs 200 crore and an anticipated duration of about 12 months. On the fundamental side, the firm reported an 8% year-on-year (YoY) surge in its net profit to Rs 188 crore in Q1FY26 as compared to Rs 174 crore in the same period last year. It's revenue from operations grew 39% YoY to Rs 1,069 crore during the same quarter, as against Rs 771 crore in the first quarter of FY25.