Cochin Shipyard moves up on bagging order from Polestar Maritime
The order is for the construction of two Tugs of 70 T Bollard Pull Power

Cochin Shipyard is currently trading at Rs. 2057.75, up by 12.75 points or 0.62% from its previous closing of Rs. 2045.00 on the BSE.
The scrip opened at Rs. 2073.70 and has touched a high and low of Rs. 2088.00 and Rs. 2051.05 respectively. So far 132045 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2977.10 on 08-Jul-2024 and a 52 week low of Rs. 1180.45 on 18-Feb-2025.
Last one week high and low of the scrip stood at Rs. 2280.00 and Rs. 2025.90 respectively. The current market cap of the company is Rs. 54010.48 crore.
The promoters holding in the company stood at 67.91%, while Institutions and Non-Institutions held 9.68% and 22.40% respectively.
Cochin Shipyard (CSL) has bagged a order from Polestar Maritime, for the construction of two Tugs of 70 T Bollard Pull Power. The Tugs are scheduled to be delivered in May 2027 and September 2027 respectively.
This is in addition to the 3 nos. of the 70 T Bollard Pull Tugs contracted earlier with Udupi Cochin Shipyard (Udupi-CSL), a wholly owned subsidiary of CSL. Polestar Maritime is a major player in the niche market of harbour tugs, coastal towing & assistance and marine services at ports. The tugs will be built to the designs of Robert Allan, world’s leading design house for harbour tugs.
The vessels will be jointly constructed by CSL and Udupi-CSL under a work-share agreement in CSL’s yard in Cochin. The vessels will be propelled by 2-Main Engines of 1838 kW and 2.7m Propellers from Niigata IHI Power Systems Co., Japan.
Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.