Archive · 8 Dec 2025
Cochin Shipyard Signs Major Deal with Denmark's Svitzer
Cochin Shipyard, a government-owned company in India, has signed a big deal with a company from Denmark called Svitzer.
They will build four special electric boats called tugs.
These tugs are 26 meters long and can pull very heavy things.
The deal is worth between Rs 250 crore and Rs 500 crore.
The boats will be delivered starting from late 2027.
Cochin Shipyard's stock price went up a little bit after this news.
The company also said they will give some money back to their shareholders, called a dividend.
This deal shows that Cochin Shipyard is getting better at making electric boats and working with companies from other countries.
Cochin Shipyard Limited signed a significant contract with Denmark-based Svitzer for building electric towing vessels.
The contract involves constructing four 26-metre fully electric 'TRAnsverse 2600E' tugs with a 70-tonne bollard pull capacity.
The deal is valued between Rs 250 crore and Rs 500 crore, with an option for four additional vessels.
Delivery of the vessels is targeted to commence from late 2027.
Cochin Shipyard's stock closed 0.27% higher at Rs 1644, with a market capitalization of Rs 43,250 crore.
- Who
- Cochin Shipyard Limited and Svitzer (Denmark-based firm)
- What
- Signing of a significant shipbuilding contract for electric towing vessels
- When
- Delivery to commence from late 2027
- Where
- Cochin Shipyard, India
- Why
- To support Svitzer's global fleet renewal plan and advancement in sustainable towage
- Company
- Cochin Shipyard Limited
- Contract Value
- Rs 250 crore to Rs 500 crore
- Vessels
- Four 26-metre fully electric 'TRAnsverse 2600E' tugs
- Bollard Pull Capacity
- 70-tonne
- Delivery Start
- Late 2027
- Stock Price
- Rs 1644 (up 0.27%)
- Market Capitalization
- Rs 43,250 crore
- Interim Dividend
- Rs 4 per equity share