Cochin Shipyard Share Price in Focus; its Subsidiary Bags Notable Order for ASD Tugs from Adani Group Company

Cochin Shipyard Limited share price is expected to remain in focus after its wholly owned subsidiary secured a fresh shipbuilding order from an Adani Group company.  

Subsidiary Secures New Tug Construction Order 

According to the company’s exchange filing, Udupi Cochin Shipyard Limited (Udupi-CSL), a wholly owned subsidiary of Cochin Shipyard, has received a notable order from Ocean Sparkle Limited for the construction of four ASD (Azimuthing Stern Drive) tugs. Ocean Sparkle is part of the Adani Group. 

Order Includes 70T Bollard Pull ASD Tugs 

The project involves construction of four 70-tonnebollard pull ASD tugs, which are specialised harbour vessels used for towing, berthing support, and port operations. 

The vessels will be developed in line with the Approved Standard Tug Design and Specifications (ASTDS) framework issued by the Ministry of Ports, Shipping & Waterways (MoPSW), Government of India. 

Deliveries Scheduled Between 2028 And 2029 

The company stated that deliveries of the tug vessels are expected to begin from November 2028 and continue until June 2029. 

The order strengthens Cochin Shipyard’s order pipeline in the shipbuilding and maritime infrastructure segment.

As per the company’s order classification framework, the contract falls under the “Notable” category, indicating an order value ranging between ₹100 crore and ₹250 crore.  

Read More: Cochin Shipyard Launches ‘Saksham Niveshak’ Campaign to Help Shareholders Update KYC! 

Cochin Shipyard Share Price Performance 

As of 07 May 2026, at 3:30 PM, Cochin Shipyard share price closed at ₹1,814.70 per share, reflecting a surge of 3.51% from the previous closing price. 

Conclusion 

The new tug construction order adds to Cochin Shipyard’s shipbuilding portfolio and strengthens its subsidiary’s execution pipeline in the marine infrastructure segment.

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.