Cochin Shipyard Share Price Surges Over 5%; Declared L1 for ₹5,000 Crore Navy Vessel Contract

Cochin Shipyard Ltd (CSL) has been declared the lowest bidder for a Ministry of Defence tender to build 5 Next Generation Survey Vessels for the Indian Navy. The estimated value of the order is about ₹5,000 crore, according to a company filing dated February 16, 2026.  

The company said the contract will be awarded after completion of the required formalities. It also stated that the order does not involve related-party transactions and that the promoter group has no interest in the awarding authority.  

Formal Award Still Pending 

CSL was declared L1 at a meeting held at the Ministry of Defence in New Delhi. The company said it would provide further updates once the process for the final award is completed.  

The tender is for the construction of 5 survey vessels intended for naval operations. The programme is part of the Navy’s plans to add new survey ships over the coming years. 

Cochin Shipyard Q3FY26 Earnings Results 

For the quarter ended December 31, 2025, the company reported a net profit of ₹144.6 crore. This was down 18.3% from ₹177 crore in the same period last year.  

Revenue for the quarter rose 17.7% year-on-year to ₹1,350.4 crore. The increase came from ongoing project execution across the shipbuilding and maintenance segments. 

EBITDA for the quarter fell 21.5% to ₹186.6 crore, compared with ₹237.6 crore a year earlier. Operating margin narrowed to 13.8% from 20.7% in the corresponding quarter. 

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

Cochin Shipyard Share Price Performance  

As of February 17, 2026, 9:41 am, Cochin Shipyard share price was trading at ₹1545.90, a 5.21% increase from the previous closing price. 

Conclusion 

Cochin Shipyard has been declared the lowest bidder for a ₹5,000 crore naval survey vessel project, with the final contract subject to formal approvals. The update comes at a time when the company’s quarterly results showed higher revenue but lower margins. 

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