The Cochin Shipyard, a prominent central public sector organization based in Kochi and the largest shipbuilding and repair yard in the country, has experienced a rise in foreign commercial export orders. In September of last year, the shipyard secured construction orders totaling Rs 2,316 crore for 8 multi-purpose vessels from European clients. This portfolio notably featured orders for the world’s inaugural zero-emission container vessels.
According to its submission to stock exchanges, Cochin Shipyard reported a growth in overseas export orders, reaching Rs 2,685 crore by December. However, the overall order value has decreased by Rs 500 crore compared to September. In September, the shipyard held orders amounting to Rs 22,000 crore, which has now decreased to Rs 21,500 crore.
Decline in Defense Order Value
In September, Cochin Shipyard held defense orders amounting to Rs 16,685 crore and domestic commercial orders totaling Rs 1,308 crore.
By December, the value of defense orders had decreased to Rs 16,064 crore, while domestic commercial orders saw a decline to Rs 1,260 crore.
Anticipate forthcoming orders totaling Rs 9,000 crore
Negotiations and procedures are currently underway, indicating a high likelihood of securing additional orders amounting to Rs 84,000 crore, as reported.