Cochin Shipyard Share Price in Focus; Secures Order for Two Green Tugs; Shares Trade Higher

Cochin Shipyard Limited (CSL) announced that it has secured a domestic order from Polestar Maritime Limited for the construction of two Green Tugs with 60T bollard pull. 

The vessels are part of the Green Tug Transition Programme of the Ministry of Ports, Shipping and Waterways and are scheduled for delivery in August and September 2027. Shares responded positively following the announcement.

Order Details and Scope

The order involves the design and construction of two Green Tugs under the GTTP initiative. Each tug is specified for 60T bollard pull capacity. 

The vessels will incorporate environmentally efficient technologies as part of India’s transition to greener shipping solutions. CSL will execute the project according to the agreed specifications and delivery schedule.

Timeline and Contract Value

The tugs are scheduled for delivery in August 2027 and September 2027. The order has been classified as Notable, indicating a contract value ranging between ₹100 crore and ₹250 crore. 

The company confirmed that neither the promoters nor group entities have any interest in the awarding entity, and the order does not fall under related-party transactions.

CSL Share Price Performance

CSL shares traded at ₹1,632, up ₹21.80 or 1.35%, as of 12:29 PM on 30 January 2026.

The market responded modestly to the announcement, reflecting investor attention on the long-term execution potential and strategic relevance of the GTTP project.

Read More: GRSE Shares gain for the 4th straight session; Up 6% Post Q3 FY26 Results.

Conclusion

The new order adds to Cochin Shipyard’s ongoing project portfolio, particularly in the green shipping segment. While the announcement has led to a moderate uptick in share price, the stock’s near-term performance will likely depend on project execution, order inflows, and broader market conditions.

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