Cochin Shipyard Limited declares L1 by Indian Navy for new contract

The company has received a communication today from the Ministry of Defence stating that Cochin Shipyard Limited (CSL) has been declared as L1 by the Indian Navy for MR/Mid Life Upgrade of an Indian Naval Ship. The final contract will be executed in due course. The estimated contract value is around Rs. 300 crore (approx.) and the estimated duration is around 24 months.

Shares of Cochin Shipyard Limited was last trading in BSE at Rs. 540.30 as compared to the previous close of Rs. 544.70. The total number of shares traded during the day was 67985 in over 2771 trades.

The stock hit an intraday high of Rs. 554.40 and intraday low of 533.80. The net turnover during the day was Rs. 36847284.00.

Source : Equity Bulls

Keywords

CochinShipyard INE704P01017 L1 IndianNavy Upgrade IndianNavalShip