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Cochin Shipyard Ltd receives order for 9 vessels

Posted On: 2019-03-25 16:50:55


Cochin Shipyard Limited (CSL) received the formal letter of "Acceptance of Tender" for nine (9) nos. FBOPs from Ministry of Home Affairs (MHA). The order worth Rs.270 crores (price for nine vessels) was bagged by CSL against stiff domestic competitive tender process participated by other shipyards. These Boats will eventually join the water wing of Boarder Security Force (BSF). The first set of 3 FBOPs are to be delivered within 18 months and subsequent batches of 3 each in 9 months intervals.

These vessels will be designed in-house by CSL and is having approx. 46 Meters length and 12 Meters wide capable of working in very low draft of upto 1.2 meters. Each FBOP also equipped with Four (4) fast patrol boats which can be launched and hoisted using its own davit system. The FBOPs are also equipped with necessary navigation, communication and surveillance systems besides other modern facilities. It also has living accommodation for 38 men on board.

By way of picking up this order, CSL aims to prove its capability in the defence vessel constructions and its commitment to support the new projects of various Indian Defence organisations for Maritime Security.

Shares of Cochin Shipyard Ltd was last trading in BSE at Rs.385.4 as compared to the previous close of Rs. 378.85. The total number of shares traded during the day was 6117 in over 278 trades.

The stock hit an intraday high of Rs. 385.4 and intraday low of 374.15. The net turnover during the day was Rs. 2309763.


Source: Equity Bulls

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