Cochin Shipyard sails in the green on Rs 150-crore deal with Indian Navy
Mon, Feb 5, 2024 2:06 PM

Cochin Shipyard sails in the green on Rs 150-crore deal with Indian Navy

A Flip by Avya Verma
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Cochin Shipyard's shares increased by 1.32% after signing a Rs 150-crore contract with the Indian Navy for refitting two vessels. Its net profit surged 121% and revenue rose 64% in Q4 of FY24. A second interim dividend of Rs 3.50 per share was recommended, and a new dry dock and ship repair facility costing Rs 1,799 crore opened in Kochi.

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