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Cochin Shipyard Secures LOI Over Rs 2,000 Crore to Build Six LNG Feeder Ships for European Buyer

The company expects to finalize a full shipbuilding contract following the letter of intent.

Overview

  • Cochin Shipyard said it signed the letter of intent on Oct. 14 and disclosed it in a stock exchange filing.
  • The order covers six LNG-powered feeder container vessels of about 1,700 TEU each for a prominent but unnamed European client.
  • The value is classified at over Rs 2,000 crore, which reporting describes as a mega order.
  • Shares rose roughly 2.6–3% intraday, with the stock trading near Rs 1,807 on the NSE and BSE.
  • The company cites growing European demand for lower-emission short-sea ships and signals further orders likely in FY26, noting Rs 2,955 crore in FY25 shipbuilding revenue.