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Cochin Shipyard shares jump 5% on ₹450 cr order from Adani Ports
short by Mansi Agarwal / on Friday, 27 December, 2024
Shares of Cochin Shipyard hit a 5% upper circuit on Friday to close at ₹1,532.1. This comes after Adani Ports and Special Economic Zone ordered eight harbour tugs from a Cochin Shipyard subsidiary. The estimated value of the order is around ₹450 crore. Adani Ports said the delivery is expected to begin in December 2026 and continue until May 2028.
read more at CNBC-TV18