Cochin Shipyard Limited (CSL) has received the Letter of Acceptance (LoA) from Kochi Metro Rail Limited (KMRL) for building 23 boats for the Kochi Water Metro Project.
These boats will provide inland transportation using electric/ hybrid technology. On the whole KMRL has a requirement of around 78 high quality boats of international standards. Out of this, 23 boats having a capacity of 100 PAX was tendered by KMRL in which CSL also participated.
The contract is yet to be executed and the status of the same will be announced later.
Shares of Cochin Shipyard Ltd was last trading in BSE at Rs.338.1 as compared to the previous close of Rs. 340.65. The total number of shares traded during the day was 1382 in over 178 trades.
The stock hit an intraday high of Rs. 341.3 and intraday low of 337. The net turnover during the day was Rs. 467006.